Two billionaires are betting roughly $35 billion combined that casino-resort companies are worth more private than public. The per-key math on these deals tells a story the earnings reports can't.
The Eastside Cannery wasn't some relic from the Rat Pack era... it was younger than most iPhones when they brought the demolition crew in. When a quarter-billion-dollar asset becomes more valuable as dirt, that's not a Vegas story. That's an ownership story every operator should understand.
Wynn Resorts is the fourth major casino operator hit by cybercriminals in three years, and the attack vector keeps being the same: people, not technology. If you're running a hotel of any size and you think this is a big-company problem, you're wrong.
