Quote:
Originally Posted by Strange Brew
How many more times are people going to talk about this gambling license without some actual data or research on it? It’s just not that lucrative
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No business is lucrative in the startup phase. The fact that this operation was breaking even within a year is actually a positive sign.
Look, the point about the gambling licence is that Meruelo
loses it if he doesn't ice a hockey team in Arizona. It's an extra cost of exiting the business if he chooses to do so. You can be quite certain he regards it as an asset, and one with a significant potential cashflow. And it's an asset the Flames' owners do not have.
Nor, to your other point, do the Flames' owners have the potential to make bank from development in Victoria Park, under any actual or prospective deal I've heard about.