Re: IP gets a reprieve
[ QUOTE ]
Harrah's will never sell those properties. And if they did, they will 100% remove any TR functionality. Anyone buying the property will be lucky to even be left with a database, but in this case it's moot. They aren't selling anything in Vegas unless it's the Rio.
[/ QUOTE ]
Clark - there seems to be two camps at this stage, those who believe all strip facing properties will be sold off for the value of the realestate is greater than the value of the properties, and the camps that believe that Harrah's will maintain the strip properties.
I have also read an article postulating that the #1 asset of Harrah's besides the realestate was the Total rewards program, that there is value in licensing this out to third party operators.
Is it fair to say you think those who are postulating the strip properties will be sold off are probably wrong? Your record has been pretty good so far, I'm interested to hear what you think.
PS: Both sides are buzzing that the Rio will be sold, and often this buzz comes with the WSOP.
|