Two weeks after we broke down why Paradise Co. bought a 501-room tower for $151 million, the doors are open and the press releases are flying. The question I asked then is the same question I'm asking now: what happens when the VIP tables go cold?
Operations
Primary
Mar 15
Paradise Co. didn't buy a 501-room tower for $151 million because they needed more hotel rooms. They bought it because comping high-rollers is cheaper when you own the beds... and the math only works if the gaming tables stay hot.
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