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Dec 16 2008 11:05am EDT
Vegas Q: 0.26
MGM Mirage has sold its Treasure Island casino for $775 million to Phil Ruffin Sr:
"I knew to build a 3,000-room hotel today would cost $3 billion," Mr. Ruffin told The Wall Street Journal. "I think it's a good value."
Which puts the Vegas hotel Q ratio at 0.26. No wonder Sheldon Adelson's in so much trouble.
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