Re: Binnions SOLD
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And what possible impact would this have on those 2 properties? Any combination possibilities?
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MTR gaming bought Binions from Harah's in 2004, although the investment on the floor makes the casino look much better I would venture to guess its under performing. Also MTR is focused on racino investments, with Binions being its lone casino in Vegas. Its possible that their operating plan all along was to renovate and flip - never investing enough to change operations and/or procedures.
Best thing TLC (the new owners) could do is shut down Binions, let the staff go (they are union), renovate and start from scratch. I don't know if that would be a fiscally sound choice, but cleaning house would really help this aging dinosaur of gambling history.
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