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turningitup

04/19/10 6:34 PM

#7639 RE: ragi #7638

ragi... I don't know where to begin.
Let me start here... "I think we ferreted out that cgaq is only the manager not the owner of the casino." CGAQ is the owner of the casino, they don't own the building...they lease the building, but all of the equipment, casino tables, slot machines, and everything it takes to run a casino in DR, including a large generator... has an asset value of close to 2M...how many MANAGERS do you know that are vested 100% into the companies they work for...it's not an employee owned company.
"I check in now and then and it appears the same thing is basically going on here."...yea, except they have REVENUE, they have TWO new casinos in the works, they have ESPN boxing events, they will soon (within this year...my definition of soon) have online gaming...maybe not in US but in other countries around the world. Same thing...hardly.