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The Chip Board Archive 23

Re: Very Interesting Article on Caesars Debt Probl

I have been saying since the last merger that the debt payments were not sustainable. A 10% loan on $25 billion means at least $2.5 billion in interest a year. That means that most of the Caesars properties had to make $100 million profit EACH every year just to pay the interest. The best strip properties are lucky to make $100 million a year. Expect Chapter 11 soon, I am surprised they lasted as long as they did. Harrahs used to be a decent place to gamble but they have just ruined the name.

Messages In This Thread

Very Interesting Article on Caesars Debt Problem
Re: Very Interesting Article on Caesars Debt Probl
quit LOANING them money
Correct.. my bad
Re: Very Interesting Article on Caesars Debt Probl
Re: Very Interesting Article on Caesars Debt Probl
Re: Very Interesting Article on Caesars Debt Probl
Layoffs at Paris LV

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