Me? Wrong?

Hi Vegas fans,
I've never had a problem admitting when I'm wrong. I'm not too proud to say I'm sorry when I've made a mistake and to ask for forgiveness. And believe me, I've had some doosies. Especially lately. I'm sure I'm not alone in this.

So let me say that I hope that I'm wrong about Caesars Entertainment Corporation (CEC). I've been railing on them for years. Mostly because I don't like their gaming rules and policies. But they had their IPO this past week, and the stock went for almost $18/share. I'm rooting for them. I hope they raise the cash they need to make their venture very profitable. If this and their other investments pay off, they will have a pretty good claim as the #1 chain on the Strip.

Now on the one hand, that scares me because it might shut out good competition and therefore make gaming worse. But on the other hand, if they do this right, other properties will have to up their games or change the game, which may mean favorable results for players and Vegas travelers in general. In any event, I do hope that in a year from now, I'm writing a post saying that the CEC gamble worked, and I was wrong. Won't be the first time. Probably won't be the last.

Viva,
Mike