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The Chip Board Archive 23

Re: DOWNTOWN GRAND FORMAL OPENING!

They could also be managing the property for CIM, kind of like the work the Navegante Group does for casino hotels. Some investors don't want to be bogged down managing a casino. It's not easy work.

Another company (non gaming) is very good at this. Marriott usually brands and manages hotels built by other investors.

Or it could be something of just a lease of the casino space. Where Fifth Street Gaming leases the casino space for a nice monthly payment, maybe a percentage of the ebitda. Where they have probably worked out the comping side with the hotel and restaurants also.

A lot of different ways to get this done.

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