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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: redfish who wrote (32484)6/22/2005 10:32:01 AM
From: Knighty Tin  Respond to of 116555
 
Macau to take over from Las Vegas as top gambling city? While the premise makes sense, the numbers they quoted don't add up as a threat to Las Vegas. forbes.com



To: redfish who wrote (32484)6/22/2005 10:54:54 AM
From: zonder  Read Replies (1) | Respond to of 116555
 
Yes, but part of this particular company's allure is that it does NOT pay taxes. Now it turns out it might start paying 35% taxes because of this IPO, and will definitely start paying taxes in 2010 in any case.

That kind of changes its outlook, wouldn't you agree?


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