Quote:
Originally Posted by Strange Brew
His goal is to have multiple sites under contract?
|
Nothing wrong with owning more than one piece of real estate. He can flip the ones he doesn't need.
Quote:
Originally Posted by Jacks
Hard to believe that the Coyotes can generate enough revenue to pay for an arena. Are the NBA Suns going to play there or something?
|
As I understand it, his gambling licence depends on operating the Coyotes in Arizona. Apparently he thinks that the gambling addicts of Arizona can generate enough revenue to pay for the arena, and if he makes a few bucks off hockey fans too, that's gravy.
He might be right, but the sports gambling business is starting to remind me of dot-coms in early 2000. There might be enough business to make 10 percent of the operators rich, but the rest are bound to go bust. So much for the old rule that the house never loses.