March 25, 2008
Absolutely correct
Analysis of:
TROPICANA OWNER HIRES NEW MR. FIX IT | www.lasvegassun.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: Ron is correct that Scott Butera is the right guy for the job IF columbia Sussex lets him do it.
Analysis: I would just add another facet to what Ron's written and that is consolidating the company in a manner that allows them to achieve success in the future. Specifically, I would hope to see Scott review the Laughlin and Lake Tahoe markets and decide which of the 2 properties in each market they should keep and then sell the one that is non essential to the company. In the case of Laughlin, one assumes that the River Palms would be the one to go. In Lake Tahoe, i guess it would be a toss up as to which way they will go. Another area they should look into is whether they can survive in a 3 boat competition in Baton Rouge, La. As I see it they will be the odd man out when Pinnacle arrives on the scene. Penn National has already beat their brains out in that market, so maybe it is time to move that boat or sell it! Scott has his hands full with the disposal of the Atlantic City property and providing a viable vision for the Las Vegas Trop however, I think he should weigh these options and move expeditiously to achieve the desired results.
Analysis: I would just add another facet to what Ron's written and that is consolidating the company in a manner that allows them to achieve success in the future. Specifically, I would hope to see Scott review the Laughlin and Lake Tahoe markets and decide which of the 2 properties in each market they should keep and then sell the one that is non essential to the company. In the case of Laughlin, one assumes that the River Palms would be the one to go. In Lake Tahoe, i guess it would be a toss up as to which way they will go. Another area they should look into is whether they can survive in a 3 boat competition in Baton Rouge, La. As I see it they will be the odd man out when Pinnacle arrives on the scene. Penn National has already beat their brains out in that market, so maybe it is time to move that boat or sell it! Scott has his hands full with the disposal of the Atlantic City property and providing a viable vision for the Las Vegas Trop however, I think he should weigh these options and move expeditiously to achieve the desired results.
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