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The Chip Board Archive 04

Re: London Club and Alladin
In Response To: London Club and Alladin ()

Sounds like it could be a good investment for a foreign company with capital that wanted to get into Las Vegas. While they didn't publish market capitalization figures I was able to crunch the numbers and it looks like London Clubs, at a current price of 50 pence, could be bought for about $125 million (200 Million shares outstanding). Would you buy 40% of the Aladdin for $125 million??? It only cost about $900 million to build. It may not make money today or tomorrow but they sure are not going to blow it up any time soon.

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London Club and Alladin
Re: London Club and Alladin

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