Seems like a no brainer, except in the Bible belt. Gives them high margin bar sales and spreads the fixed costs. Apps and cocktails/craft beers could be a big winner.
don't understand how price of stock went up when they are not in compliance with their bank loan.
DAVE has higher bank loan interest rates ahead plus a penalty-- and that is IF the bank doesn't balk and leave them high and dry
This makes a lot of sense to me. If they want to maximize use of the facility and the high margin bar revenues, this is the way to go.
Last time I was in Vegas at Cosmopolitan it was awesome, there were hot chicks everywhere and I had my way with several of them. We did have some BBQ infused sushi. I gave them the bone they wanted without going to DAVE.