Caesar’s problems may require selling assets like WSOP

I could not continue the link to read the rest of the story.

I thought CET was doing so well with its fiscal restraint, etc. as compared to MGM which was building like crazy at the onset of the recession. Is it all because business has dropped off so much? My wife observed that people are still going, but they're not spending much.

Originally Posted by Aslan

My wife observed that people are still going, but they're not spending much.

Who can spend as much? Most families are managing far smaller budgets than the did before this recession. All families are less certain about the wisdom of spending due to an uncertain future. Also the cost of most monthly expenses has gone up far quicker than any increase in income. their assets are generally worth far less as well. The casinos have at the same time tightened comps and raised the HE on almost every game. When their customers are tightening their belts the casinos make the decision easy to spend less or nothing at their establishments. If a casino would go the other way then they would be crowded with happy customers. Of course the horse may already be out of the barn on that one.

Norm: "I would be thrilled to believe that this is a sign that the merger-mania that turned the many and varied Las Vegas Strip casinos into a few mega-holding companies will ultimately unwind."

It won't happen - capitalism.

Originally Posted by MARILLION

Norm: "I would be thrilled to believe that this is a sign that the merger-mania that turned the many and varied Las Vegas Strip casinos into a few mega-holding companies will ultimately unwind."

It won't happen - capitalism.

As in capitalism tends toward monopoly? If so, true. I would be surprised to see it go any other way, and if it did unwind, wouldn't it just be a matter of time before companies would merge all over again? We will always have the Coke/Pepsi phenomenon in our system, but there will still be a lot of other soft drink companies. It's the nature of the beast. We don't allow too many monopolies, and that's a good thing I think.

Let Caesars sell off the WSOP along with Rio, Planet Hollywood, Paris, and Bally's.

Originally Posted by bigplayer

Let Caesars sell off the WSOP along with Rio, Planet Hollywood, Paris, and Bally's.

...to any buyer who would be open to making the games a bit more player friendly. Harrah [sic] for that!