MGM Mirage Inc’s CEO blamed his company’s lower than expected earnings in Q1 on the NBA All-Star Game. According to Terry Lanni, all the gangbangers that flooded into Las Vegas for All-Star weekend kept the high rollers (especial the ones from Asia in town to celebrate the Chinese New year) in their suites.
The gang-bangers and others who came for purposes other than attending the game, they weren’t very good for Las Vegas. In talking to our casino hosts, a number of people stayed in their villas and suites. They felt uncomfortable.
I used to do something that kinda remotely resembled preparing numbers for earnings reports and we used to make up excuses all the time for why we missed them but we never went so far as to stereotype two groups of people and blame an entire shitty quarter on one weekend. Although we did use “9/11 effect” for about 4 years… Anyway, Terry Lanni went on to say that David Stern could take his NBA franchise in Vegas and shove it. The last thing they need in Vegas are people afraid to walk around with tons of cash in their pockets. That cash is for the casinos, not for you thugs.
Links:
[ESPN]: Casino exec: All-Star Game wasn’t good for business
ESPN.com news services
One reply on “MGM exec blames low earnings on NBA All-Star Game”
Gots one thing to say to dat.. — Stop Snitchin!