Quote of the Day

“Even with $23 billion in debt, Caesars [Entertainment] feels that they will have no problem raising another $5 billion to build a world-class facility [in] Japan, the world’s latest emerging market, even though they will be competing against better-financed rivals with considerably more Asian gaming experience in an untested market with yet-to-be discussed licensing procedures. (Only three years ago, Massachusetts appeared to be an exciting new market.)” — casino consultant Jeffrey Compton, on Caesars’ recent spate of troubles.