It's a shame someone as stupid as you are allowed on this site, the loss of $960 million was a non-cash downgrade of Atlantic city properties, since the recorded loss was $650 million that means they were $310 million in the positive and in a year they will have to record a $960 million non cash gain when Atlantic city rebounds...
you must not have been to AC lately....only thing that keeps AC going is the 3 months of summer, because of the shore.
AC has died. gaming in phili, gaming in NY , online gaming in NJ, no one goes to AC anymore. 5 out of all casinos have filed for bankruptcy...only casino that makes money is Borgata.....only high end, vegas type in AC.
i think if CZR is going to rebound it will be vegas,online, and their growth properties....in which they are spinning off.
to think AC is going to rebound is a bit foolish...time to do your due diligence.
more write downs are inevitable.