GWAE
GWAE
Joined: Sep 20, 2013
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November 5th, 2018 at 10:53:58 AM permalink
I can not see this every happening. If they would agree with the feds even allow it?

http://www.casinonewsdaily.com/2018/11/05/las-vegas-casino-giants-mgm-and-caesars-reportedly-in-merger-talks/?fbclid=IwAR3Ed9YgICSLqEJc1YAtV0Gbs7lDp77L41GxnbYV4Fv-S4Kjm__ViYLCWuE
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DRich
DRich
Joined: Jul 6, 2012
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November 5th, 2018 at 11:53:40 AM permalink
Quote: GWAE

I can not see this every happening. If they would agree with the feds even allow it?

http://www.casinonewsdaily.com/2018/11/05/las-vegas-casino-giants-mgm-and-caesars-reportedly-in-merger-talks/?fbclid=IwAR3Ed9YgICSLqEJc1YAtV0Gbs7lDp77L41GxnbYV4Fv-S4Kjm__ViYLCWuE



I think the Feds would probably allow it because even together they would probably have less than 20% of the U.S. casino market.
Order from chaos
ahiromu
ahiromu
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November 5th, 2018 at 12:35:22 PM permalink
Quote: DRich

I think the Feds would probably allow it because even together they would probably have less than 20% of the U.S. casino market.



I know nothing about our anticompetitive laws... But wouldn't localized competition have to be considered? Everyone knows that the strip is basically a duopoly, would the feds have a right to deny it based solely on making vegas less competitive? I'd argue yes since airlines have been forced to sell off slots at specific airports during mergers.

If each (MGM and Caesar's) was forced to sell off a few properties in Vegas, then I could maybe come around. In fact, I would enjoy having a few more independent operators.
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DRich
DRich
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November 5th, 2018 at 1:01:13 PM permalink
Quote: ahiromu

I know nothing about our anticompetitive laws... But wouldn't localized competition have to be considered? Everyone knows that the strip is basically a duopoly, would the feds have a right to deny it based solely on making vegas less competitive? I'd argue yes since airlines have been forced to sell off slots at specific airports during mergers.

If each (MGM and Caesar's) was forced to sell off a few properties in Vegas, then I could maybe come around. In fact, I would enjoy having a few more independent operators.



I do think they would sell off some properties to make it go through the system.
Order from chaos
tringlomane
tringlomane
Joined: Aug 25, 2012
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November 5th, 2018 at 1:32:18 PM permalink
Quote: DRich

I do think they would sell off some properties to make it go through the system.



Yeah the biggest issue likely would be the Vegas strip. And they definitely would be willing to sell off a property or two to make it happen.
Boz
Boz
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November 5th, 2018 at 3:35:52 PM permalink
Quote: tringlomane

Yeah the biggest issue likely would be the Vegas strip. And they definitely would be willing to sell off a property or two to make it happen.



Depending how much influence Sheldon still has. Steve is gone and Iím not sure Blackstone has any political juice. And we all know that is how these things are decided.
GWAE
GWAE
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November 5th, 2018 at 3:51:48 PM permalink
Quote: Boz

Depending how much influence Sheldon still has. Steve is gone and Iím not sure Blackstone has any political juice. And we all know that is how these things are decided.



money?

If they would I hope they keep the best of both worlds such as myvegas and free diamond perks like celebration dinner and shows.
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onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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Thanks for this post from:
RogerKint
November 5th, 2018 at 6:01:22 PM permalink
I am 100% against this and all such mergers. It's a terrible idea and very unfair to consumers. I don't think these companies need to make these deals to survive like so often said.
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