Will private equity firms follow Wilbur Ross into the casino sector, despite the troubled track record of Station, Harrah’s, Twin Rivers, etc?
It would seem to make perfect sense from a “buy low” perspective, given the confluence of factors like rock-bottom commercial real estate values and misery consumers. But there also are challenges, not the least of which is a limited universe of potential players and high fixed costs (which are partially offset by low tech/innovation risk). My thoughts below, from the laundry room: