No Poppycock
Do you realize for the going price of one Class C in Los Angeles, an Investor could Purchase all the Hotels in Downtown Las Vegas?
> That is such a crock of poppycock!<
Yes it is, as I just learned there are no Class C's in L.A., my Mistake!
Or, was it about buying ALL the Casinos in "Downtown" Las Vegas?. Barrick Gaming which only 18 Months ago bought 40% of the Downtown Casinos and 35 Acres of land, only paid 83 Million, and that included the Plaza, the Las Vegas Club, the Western, and the Gold Spike. They just were forced to sell to their "Holding" Company for $180 Million, and get out of Downtown. Are you saying that RadioResearchers figure of 400 Million PLUS couldn't pay for the rest of Downtown, the Golden Nugget, the Lady Luck, the Golden Gate, the El Cortez, the California Hotel, Binions, Mainstreet Station, Fitzgeralds, Four Queens, and the Freemont. It can, let's leave out the Golden Nugget though. This just demonstrates "the Power of Radio", and how Radio Properties are priced outrageously!
The only other possibility in my Post, is that you are doubting the power of Alan & Robert Potamkin, with Russ Oasis too?