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Casino Land Looked At For Investment. 2005-09-12
An important casino company recently made public their real estate properties to the Securities and Exchange Commission (SEC). The 489 acres were purchased mostly Nevada, and worth $1.3 billion. This is a very close approximated number.
Glenn Christenson, of the company, said they did this to bring in investors. By making the land area known available, and the price of it, they can have bidders. Being honest might be their assets too.
Carlton Geer, Director of Richard Ellis' Global Gaming Group in Las Vegas, said that the rise in prices for property has made investors suspicious of investment. Investors donít believe they are getting the best for their buck, because of highly inflated prices. The company hopes their honest evaluation of the property may bring investors in, and let them know that their investments here are worth it.
(By Andrea)