Maryann: Thanks for the info. Nope, I hadn't heard about any new falre ups with the NJ project. I'm out here in So Cal, but I'll have to ask my Weehawken relations about it.
I like instant results as much as anyone, but I've resigned myself to the beleif that my shares in MIR will require some patience on my part. Indeed, the whole gaming sector is out of favor (witness Circus, Grand Casinos, Boyd Gaming (eesh!), and International Game Tech.
I can tell you one thing, though: As someone who lives in close proximity to Las Vegas, it's clear to me that demand is very strong. Even with all the new rooms and mega-resorts, just try to get a room in Las Vegas during the big holiday periods. Unless you're a "regular" or booked six months in advance, you're out of luck. The cash flow of the major gaming companies is mind-boggling.
Needless to say, I hope Mr. Wynn can convince these people that a healthy Mirage in Atlantic City is in their best interest. What the hell are they trying to preserve? I've been to Atlantic City, and it's not exactly the French Riviera. There's the boardwalk, casinos, and crack houses with dubious looking characters hanging around. Geez, you'd think they would jump at an opportunity to have a top-tier company build there and bring jobs and attracrt all those consumers. |
