Monthly Archives: July 2017
One of the most interesting things to happen in the past few years in finance has been the introduction of the first cryptocurrency, Bitcoin. The money you have in your wallet or your bank account only has value because a government says it has value. Bitcoins were designed to replace those government issued currencies.
Construction work at Monte Carlo is more of a burden on the company than they expected. The place was a wreck when I visited a few weeks ago. There are curtains and construction work being done everywhere. Monte Carlo is dragging down overall performance of the company. That said, it’s onward and upward.
Most casino operators in Las Vegas prefer to have a revenue split close to MGM than Caesars. In fact, Caesars wants to have a revenue split closer to MGM Resorts. The two casino operators have different approaches to their companies. MGM Resorts is expanding with new casinos and a massive profit growth plan. Meanwhile, Caesars Entertainment is looking elsewhere to generate revenue.