Note on A Very Chicago Gamble via Patrick McKenzie (patio11)
This is somewhat elementary and handwavy napkin analysis of a complicated business which, like most casinos and hotels, is heavily levered with a complex capital stack. But the investment case gets smothered by a napkin.
Reference
- Notes
- napkin-math, finance
- A Very Chicago Gamble
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2025.NTE.014 - Insight
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