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The Executives: Find The Debt

By Chuckmonster on Wednesday, 4th December 2013 7:44pm
  » filed under Las Vegas tagged: the executives   gary loveman   caesars entertainment    comments: 6

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Earlier today, Caesars Entertainment CEO Gary Loveman delivered a powerpoint to the Bank of America 2013 Leveraged Finance Conference... if you have a hankering to blow your skull into a thousand pieces, check out slide 24.

The Executives

Thanks to VT super friend detroit1051 and reigning Trippies award winner for "Best Tweeter" (editors choice) for the tweet tip.






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Comments & Discussion:

hey, didn't I see that guy playing 'find the debt' on the bridge between Bill's and Bally's?

Also note that the flow chart 'does not include all subsidiaries' so it could look a whole lot more complicated.

Fascinating!

Notice Bill's is still Bill's on the charts showing things they are in the process of or have just finished building/improving? Is that a sign of something...I mean, other than a lazy graphics person who probably started with a PowerPoint on file from some other similar financial presentation?

Internally... as of yesterday, they're still calling it Bill's.

On slide 12, are they seriously saying that they assume no impact on room occupancy by raising the Average Daily Rate by $20?

@travisl - my take is that they are trying to present how EBITDA would improve if the 'rising tide' of vegas rates went up by the $5-20.

Conversely, one could also perhaps consider this a slide under a different title: "Incremental EBITDA from adding Resort Fees of $5-20 per night to Las Vegas Properties (assuming guest doesn't fully use the services said Resort Fee is supposed to cover)"

Wow, they're building a convention center next to Harrah's AC, too.

If they stopped spending they'd stop breathing. That's gotta be it.

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