This is going to be a rotting hulk for a long, LONG time.

While I think Obama and the democrats concept of healt care reform is badly conceived and likely to cause many more problems than it solves, if they're going to ram it through anyway, I'd have no (additional) problem with a "public option" under the following conditions:

- It gets no extra subsidies besides those made available to the private insurers and their customers.

- It get no regulatory advantages over the private insurers.

If the government wants to set up a non-profit insurer that it thinks can compete on an even playing field with the privates, fine. What I'd fight vigorously is an insurer that was purposely give advantages under the rules meant specifcally to put the privates out of business in order to create a back door single payer system.

Solar,

I'll let you in on a little secret. If there was no money to be made, there would be no treatments for cancer.

If the gov't squeezes out the ability to make money by developing cancer treatments, there will be no new treatments. Sorry, that just the way it works.

For all those who favor socialized medicine, remember this: Dead people are cheaper than sick people. If they're some profit in treating sick people someone will do it. If not, then they're just one more expense to be minimized (and dead is as minimal as it gets)

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What a humanitarian you are.

One should be able to make money off of the treatment of someone dying of cancer.
Sounds reasonable to me.

The TWU and the "unionized" dealers are a joke. If they were serious, they'd strike. But they know two things:

1). If they struck, they'd be permanently replaced in milliseconds. There are no shortage of un/under employed dealers in Vegas at the moment, and they would all come streaming into CP at the barest whif of a strike.

2). Culinary will not back them. Apparently there is some sort of agreement between culinary and the casinos that culinary can have the hotel jobs, but will stay away from gaming. If this wasn't the case Culinary would have organized the dealers 20 years ago.

So dealer organizing is going to fail. There's nothing the dealers can do about it.

Cash flow is the acid test of real estate investment. If a property can stay in positive cash flow (especially in a down market), it is very likely a good investment.

Um, Journey, the guys involved were undercover cops.

For the Fertitta haters in the audience, if you think they're gonna get dinged, fuggetaboudit. They got their money out with the LBO, and they're not putting it back in. If they lose control of the company, it isn't that big a loss, since, with all the debt, it's a loser anyway.

I think some properties will get sold off, but whatever entity is left will keep most of what it has now. The bondholders will end up with most of the stock. And the Fertitta's will keep some part, and will likely keep running it.

He's surviving a bad situation well. When this is over, he'll be back on top.

Any house that isn't in forclosure in Vegas is likely underwater. The forclosure resets prices to what they should be, not the inflated price the previous buyer paid.

So Nightmare is correct.

Gregory: What they're doing can work with 400 rooms. It wouldn't with 4000. And for the markup they'll get on those 400 rooms + the associated revenue (meaning gambling), it'll probably be worth it. This is not the end of the project that will take a bath (that being the condos).

lvdjlv: They didn't build this for your businees. For you the have the Excaliber or Circus Circus.