Quote:
Originally Posted by Cleveland Steam Whistle
Just out of curiosity, as I don't know how any of this works down in Vegas, but is there not a major tax win here for the owners? If a casino owned the team, as many have pointed out, they likely wouldn't be making much money directly off the team (concession etc...). The revenue would all be indirect from driving up more business to their existing businesses.
IF this worked out, and it was successful, would the owners actually be able to report a loss on the hockey club, gaining tax benefits, even though it would be driving up revenue for their other ventures?
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i believe so, but aren't they taking a loss enough as it is? says my LVS and MGM stocks
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