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The Chip Board Archive 12

Am I misreading something?

The article states "With the sale to Landry's, Poster and Breitling will have tripled their combined initial equity investment of about $50 million in the year or so since they purchased both Golden Nugget casinos in Las Vegas and Laughlin from MGM Mirage for $215 million"

Their share was therefore approx 23%. Plans are to sell for $295m + $31m. 23% of this is $75m

Looks a 50% increase, not a tripling?

Messages In This Thread

"Golden Nugget owners vow to return to LV market"
Am I misreading something?
Re: Am I misreading something?
Re: Am I misreading something?
Re: Am I misreading something?
Thanks Jay, I had read it slightly

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