Why are casinos being sold to private equity firms?
Last year Station Casinos, with the help of equity firms, went private. Many of the new properties going up on the Strip have heavy, if not majority investment from private equity firms. Analysts say that this trend is simply a function of these firms having more cash on hand to invest. Couple that with a growth in investment opportunities and a higher buy-in price in Las Vegas and it becomes necessary for anyone looking to build or expand casinos to seek out the kind of large investments that private equity firms can offer.
Sun stories that help answer this question:
Casinos see private funds as a way to go
Investors more bullish on Las Vegas casinos than ever before
— Web content editor Andy Samuelson, multimedia technician Billy Steffens, and intern Rob Ponte compiled this report.
