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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