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The Chip Board Archive 18

Re: Paris / Ballys possible sale item

I am not that familiar with Ballys but Paris is, or could be, a really great property. But it does not surprise me that the buyers of Harrahs are in financial trouble. I thought that Harrahs paid too much for Caesars and then they sold themselves for even more. If my calculations are correct, at 6% interest, each Harrahs property would have to make $60 Million per year just to cover the interest. It could be done but it is a stretch.

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Paris / Ballys possible sale item
Re: Paris / Ballys possible sale item
Re: Paris / Ballys possible sale item
Re: Paris / Ballys possible sale item

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