Monday, March 16, 2009

Can You Spare A Billion?

Detroit's MGM Grand Hotel & Casino is up for sale, according to folks at the Detroit News. It turns out that its current owners, MGM Mirage, are eager to shed cash after their disastrous bet on the CityCenter project in Las Vegas.

Oh, well. One person's disaster is another opportunity. Their Detroit casino is consistently profitable and has the potential to be even more so as the economy improves.

All of which leads me to ask: Can anyone spare a few hundred million? I would love to buy this place, if only to be able to decide who gets into V and who doesn't.

By the way, I have also have to congratulate the folks at V for being named of the Top 100 Nightclubs in the nation by Nightclub & Bar magazine.

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