Quote:
Originally Posted by Locke
Thats not necessarily true...
Many large companies purchase businesses that take losses so as to apply those losses against gains accrued by their much more profitable and thus more highly taxed, primary businesses.
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Yes, but I thought we were discussing a situation in which MGM (as the arena owner) is comping tickets to the games, but someone else owns the actual hockey team. In that case, whatever profit MGM makes from comping tickets will not help the owners of the team.
If the arena owner and the team owner are the same business, of course, then what you say is true. But is there really a casino in Vegas (or group of casinos under one ownership) so large that they can profit from putting 18,000 people on the casino floor all at one time? As I say, scaling is the problem.