“It’s a stupid number. Let’s assume we have the max, which is five casinos. Now take $40 billion divided by five—that’s $8.5 billion. The largest-grossing casino in the world, Marina Bay Sands, does about $3.2 billion a year. Are you telling me five casinos in Japan will do two and a half times that? It’s illogical. But this is still a huge opportunity.” — Global Market Advisers Managing Partner Steve Gallaway, pouring scorn upon blue-sky projections for the Japanese casino market.
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- You can’t fix stupid; Good-bad news on the bayou - 30,962 views
- If you can’t beat ’em, cheat ’em; Fun & games - 30,617 views
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Admin.
Wait, forty divided by five is 8.5?