User profile: matts7052

Joined: May 19, 2008

Recent Comments

Total Comments: 38 (view all)

Posted on: Contractors make another bid for Fontainebleau

Actually, Belair and mred, the Fontainebleau Miami has become one of the hottest celeb spots in the country. The new owners took a tired Hilton property and really jazzed it up - in fact, you can barely get a room there under $300. Fontainebleau definitely has some cache. I would suggest you both check it out...

(Suggest removal) 11/26/09 at 6:40 p.m.

Posted on: Harrah's working on plan to take over Planet Hollywood

What really irks me is that Harrah's has whined for months that the recession has hurt them so badly that they have had to eliminate the 401(k) match, fire over 9,000 employees, and cut management salaries, but yet they somehow have enough cash to pick up an $880M property next door. Meanwhile, they keep offering smaller bondholders pennies on the dollar to try to lower their heinous debt load. Unbelievable arrogance from a poorly managed company.

(Suggest removal) 11/25/09 at 7:58 p.m.

Posted on: Vegas judge approves $85 million Wal-Mart settlement

"Starbeams" - you honestly think that K-Mart only stocks products made in the USA?!?!?! You are off your rocker!

Furthermore, the simple law of capitalism is supply and demand. Consumers demanded lower prices, better variety, and more convenience. They got it.

(Suggest removal) 11/3/09 at 12:01 p.m.

Posted on: Vegas properties hit hard as Harrah's reports wider 3Q loss

Oh, Denver...let's correct a few things, OK?

Q3 Net Income:
Harrah's: -$1.624 Billion
Wynn: $34.2 Million
Boyd: $6.3 Million
LVS: Announcing later this week

You see, dear Denver, all the others posted a PROFIT, albeit lower than the same quarter a year ago. Harrah's, however, lost $1.6 Billion. Who do you blame? Gary boy that jockeyed as hard as he could for the LBO that made him $90 Million richer or Steve Wynn that is still turning a profit?

Before you claim 'record quarterly losses,' do a little research. It will make you appear considerably less foolish.

(Suggest removal) 10/27/09 at 1:03 p.m.

Posted on: Harrah's hires former Disney executive for new position

Sporty, give me a break. The problem is that Harrah's is incredibly management heavy. Plus, they are so heavily levered, they can barely pay the bills. They are robbing Peter to pay Paul - at twice the interest rate. 9,000 employees get laid off and the rest lose their 401(k)s...and they hire this schmuck...

(Suggest removal) 10/19/09 at 9:19 p.m.

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