The Internet Home of Jonathan Cavell

  • About Me
    • Technologist
    • Connoisseur
    • Entrepreneur
    • Athlete
    • Pittsburgher
    • Engage
  • The Blog of Burgher Jon
    • Business
    • Enterprise IT
    • Personal Technology
    • Pittsburgh
    • Social Media
    • Startups
    • Tech News
    • Unsolicited Advice

Casino Funding Found

Posted by Burgher Jon
/ May 21, 2008 / Leave a comment

The Apollo Strategic Value Fund LP is apparently an investment fund that likes to gamble on gambling. They purchased Harrah’s in 2006 (a deal that closed in January). Closer to home they tried and failed to team with Forest City for a Station Square casino and then yesterday dumped 150 million in to Barden’s North Side Casino. It is overwhelming to me the amount of money that is floating around the city of Pittsburgh as a result of this Casino, simply overwhelming. 800 Million Dollars? I don’t doubt that all that money will be flowing back in to the investors pockets followed by much much more… but I would love to see the math that is used to project Casino Revenues. For Example, how much, on average, do they expect each resident of Allegheny County to gamble and lose?

  • Print
  • Facebook
  • Twitter
  • HackerNews

Popular Posts

  1. Post Gazette: Pittsburgh Can’t Support Growing Tech Companies

    I’ve had a couple questions on whether I saw the article in the Post-Gazette...
  2. The 2 Types of Innovation and 5 Types of Companies

    There are essentially two different levels of innovation: Addressing Latent Demand – Most companies...
  3. The New “Skilled” Labor

    For a long time, arguably continuing to the present, there has been a distinction...



Search Through Old Posts:

Find What Interests You:

Historical Posts:




Stay Tuned to the Blog:

Enter your email address:

Delivered by FeedBurner

The Blog of Burgher Jon