Now, I was taught, while growing up, that if you can't say something nice about someone, say nothing at all.
However, I recently had the displeasure of talking to a CEO of a gaming company, who in an email and on the telephone told me the biggest lie of the year.
He said that a certain casino property was NOT FOR SALE! And, because he was so bold in his pronunciation about it, I took him at his word.
Well, about three months pass. And, in the local news was the headline that a certain casino had sold.
What?
Why would a CEO change his mind? What enticed him to make the Sell decision?
I am at a loss because my Buyer just wanted at least an opportunity to make an offer to acquire the property.
Well, the CEO's explanation was that the buyer had inquired about the property constantly for about five years.
I had inquired, too. But, since I was only a broker, the CEO decided to invalidated me as not being a true representation of a qualified buyer!
I had explained to the CEO that my client was already Nevada Gaming Approved, already owned six Nevada casinos, and owned two other casinos out of state.
So, this leads me to believe there was something more to this transaction that doesn't seem -- kosher(?).
I get the feeling that there is a little more than his brief explanation that something is going on behind the scenes. Is it something shady? I don't know.
But, my question still is: Why not allow for a sales competition to go on in an effort to get the highest and best offer for the property?
Unfortunately, the CEO will never say what the true reason is for just allowing one person/company to bid and then close at a price I feel is below the market price for this property.
My Buyer client said he didn't want to get into a "pissing" war since the deal is done.
So, I am hoping that his company's board is done with this CEO. Only an idiot would quietly sell a casino property so that only one company was able to make an offer.
In my opinion, he did NOT do what was best for the ownership entity at all!
Just my two cents!
Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes
However, I recently had the displeasure of talking to a CEO of a gaming company, who in an email and on the telephone told me the biggest lie of the year.
He said that a certain casino property was NOT FOR SALE! And, because he was so bold in his pronunciation about it, I took him at his word.
Well, about three months pass. And, in the local news was the headline that a certain casino had sold.
What?
Why would a CEO change his mind? What enticed him to make the Sell decision?
I am at a loss because my Buyer just wanted at least an opportunity to make an offer to acquire the property.
Well, the CEO's explanation was that the buyer had inquired about the property constantly for about five years.
I had inquired, too. But, since I was only a broker, the CEO decided to invalidated me as not being a true representation of a qualified buyer!
I had explained to the CEO that my client was already Nevada Gaming Approved, already owned six Nevada casinos, and owned two other casinos out of state.
So, this leads me to believe there was something more to this transaction that doesn't seem -- kosher(?).
I get the feeling that there is a little more than his brief explanation that something is going on behind the scenes. Is it something shady? I don't know.
But, my question still is: Why not allow for a sales competition to go on in an effort to get the highest and best offer for the property?
Unfortunately, the CEO will never say what the true reason is for just allowing one person/company to bid and then close at a price I feel is below the market price for this property.
My Buyer client said he didn't want to get into a "pissing" war since the deal is done.
So, I am hoping that his company's board is done with this CEO. Only an idiot would quietly sell a casino property so that only one company was able to make an offer.
In my opinion, he did NOT do what was best for the ownership entity at all!
Just my two cents!
Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes
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