Chapter 429: The World Gambling King Sometimes Needs Money
Chapter 429 The world’s gambling king also has times when he is short of money
"Mr. Cote, you know, I know nothing about the hotel... this industry."
"Haha, maybe you misunderstood me." Who is old Kurt? A tycoon who has been struggling in the crisis-ridden Las Vegas for decades without falling. Although Xia Xiaoluo is very calm and good at hiding, he also guessed
Xia Xiaoluo's thoughts came out. "You just said it yourself that Las Vegas is undergoing transformation.
, from a, um, Sin City to become a tourist attraction. It just so happens that I also have a transformation plan. I am planning to build a new hotel, the MGM Grand Hotel. Old Kurt is very tired, and neither of his sons wants to
Taking over my business, I also don’t like them getting too involved in Las Vegas.”
"But I don't understand this either. I'm just a student, not even an American." Xia Xiaoluo was anxious. If your son doesn't want to take over, why don't you come to me? I haven't enjoyed a lot of my youth yet. Have you ever seen him?
Which rich man would go out to play gangsters when he is full?
, I support Qu Xiaoyuan’s Tiger Wolf Gang, on the one hand, so that he can have food to eat, and on the other hand, because I have a loyal private guard. Playing in the underworld? Not to mention being worried day and night that the police will come to your door. Maybe one day a rival will appear and look for a gunman.
Conspiracy to plot your death.
"You are right, Las Vegas is undergoing transformation, so I am ready to invest in building the largest luxury hotel. Not only me, but other people in Las Vegas are also doing this. In Las Vegas
Next to Las Vegas Boulevard, several construction sites are starting up. This is also a war, a war to decide who can rule Las Vegas. A war cannot be won by one person alone, so I need an ally."
Old Kurt looked at the boy sitting precariously and said word by word: "Now I have found an ally, and that is you."
"No, Mr. Kurt, I'm not qualified." Xia Xiaoluo shook his head and declined politely: "What you should find is someone with strength, someone who can really help you. I don't have this strength, I'm just a student, a
Chinese students have no influence at all in the United States, and this is even their first time coming to the United States, to Las Vegas."
"You are wrong, you underestimate yourself, kid." Old Kurt replied with a smile. He knew all this, but what Xia Xiaoluo didn't know was that it was precisely for this reason that Old Kurt chose
He came to cooperate because such a partner, who has strategic vision but no operational ability, who has enough capital investment but will not compete with him for control of the hotel, can't be found all over the United States.
Old Kurt is rich, but he has no money. According to the Forbes list, his total assets reach 1.6 billion U.S. dollars. This figure is slightly lower, but these are just assets. In fact, his cash flow is less than 1 billion U.S. dollars.
Billion US dollars. To build the largest luxury hotel in Las Vegas, it would cost more than 300 million US dollars, and he could not come up with it. He had to find a partner who could provide sufficient funds, and at the same time, he did not want this
The partners are responsible for the internal management of the hotel, so this is a difficult multiple choice question.
Now, Old Kurt has found someone who can solve the problem, and that is Xia Xiaoluo. An investor who doesn't like specific matters, an investor who doesn't have time for management, and the perfect partner he needs most.
"You have sufficient funds, right?" Old Kurt asked.
Xia Xiaoluo thought for a while and remained silent. This cannot be denied.
"You are optimistic about the future of Las Vegas, aren't you? As a tourist destination in the future, perhaps the number of tourists coming here every year will reach an astonishing number, and hotels in Las Vegas will be an investment with a high return."
Xia Xiaoluo continued to be silent, what Old Kurt said was right.
Wait, Xia Xiaoluo thought in his mind. He remembered reading a case about the entertainment industry in his previous life, analyzing the case of the four major hotels in Las Vegas, namely Wynn, Harrah's, the hotel where he currently lives, and Sands.
Another one is MGM.
The book clearly records that after 20 years, MGM movies were over, but MGM hotels were booming. Moreover, the book titled "The Essence - The Mystery of the Entertainment Industry that Makes Big Pictures"
The case puts forward a brand-new point of view, that is, the essence of gambling hotels is for enjoyment, not for gambling. One important data cited is that the non-gambling business income of these hotels has far exceeded gambling in the 21st century. This is
It confirmed Xia Xiaoluo's impression of Las Vegas decades later. There was really a sin city with only sex and gambling industries turned into a tourist attraction.
Xia Xiaoluo was suddenly shocked. Holy shit, I almost missed an important business opportunity. In 2011, before its rebirth, the market value of MGM hotels was US$7 billion. In less than 20 years, it had increased more than 30 times. This yield is still quite high.
Not bad.
"Then the question arises, why are you unwilling to cooperate with me? Is it because you don't like it or don't want to have too much contact with me?"
Xia Xiaoluo had already approved this plan in his heart, but he didn't say anything and just held it. Anyway, he had the chips in his hand. Maybe Old Kurt would give him some discounts?
"Are you worried that joining me will cause others to misunderstand your identity? Or do you think that as long as you cooperate with me, others will think you are a mafia?" Old Kurt no longer looked old, his dark blue eyes stared closely.
Xia Xiaoluo looked down and said nothing. "You are wrong. What you did was just a normal business behavior. You just invested in a hotel in Las Vegas and became a shareholder of the MGM Grand Hotel."
People who do the same thing as you include Arab princes, Japanese consortiums, and American steel tycoon families. Are they also considered to be underworld?" Old Kurt's words were very simple and very convincing.
"Really?" Xia Xiaoluo walked down the slope, with an arrow on the string and had to shoot: "Approximately how much capital is needed?"
Old Kurt is very happy that this stubborn child has come to his senses. "In my plan, the MGM Hotel will have 5,000 rooms. The initial budget is 300 million US dollars. I will give you... 30%
For five shares, you only need to invest US$100 million."
Yes, old Kurt only needs an investment of 100 million US dollars. As long as the project is started, other investors or banks will naturally handle the remaining funds. His recent cash flow is too tight, even if he withdraws a small amount
It will affect the current business. If it were not the case, it would not take so much effort to persuade Xia Xiaoluo to participate.
This investment is different from other investments. It is a long-term investment. It will take more than two years from the start of construction to completion and opening, and then it will take even longer to make a profit, maybe five years, maybe ten years, who knows?
Although Old Kurt knew about the government's plan to transform Las Vegas, he did not have much confidence in the plan. It is quite difficult to turn a city that specializes in gambling into a tourist city. You must know that Las Vegas
There is no beautiful scenery on the edge of Sri Lanka, only endless desert.
Only $100 million...
Xia Xiaoluo was mostly relieved, such a small amount of money was nothing to him. Well, he really didn't take 100 million US dollars seriously, it was just a number, and it was all a numbers game.
Just as the boy was about to nod in agreement, Old Kurt, who was staring closely at his expression, suddenly said: "But my plan has changed now. Your joining has given me a lot of confidence. I plan to invest in two luxury hotels at the same time.
To occupy 15 percent of Las Vegas."
Forehead!
Xia Xiaoluo almost choked to death on Old Kurt's words. This damn old man can change whatever he says. He can't finish a sentence in one sentence, but has to say it twice? Well, isn't it just 200 million? It's an investment anyway.
Not for fun.
Xia Xiaoluo is rest assured about this. The laws of the United States are very sound, and there is no phenomenon of large investments being blatantly misappropriated.
Xia Xiaoluo quickly picked up the phone, fearing that the old man would show up at a third hotel: "Do you need me to invest 200 million US dollars?"
Old Kurt's face was full of smiles, and the wrinkles on his face were piled up like ditches on the high loess slope: "Yes, it's only 200 million US dollars, and your investment will be returned tenfold."
"Thirty-five percent of the shares? Your 65%?" Xia Xiaoluo asked.
"No! You are the largest shareholder, and I only have 16%."
"Ah?" Xia Xiaoluo was surprised, what is going on?
"Haha!" Old Kurt smiled happily: "Kid, not everyone is as rich as you. Maybe everyone in China owns companies alone, but that's not the case in the United States. All companies in the United States are publicly held companies.
We will seek to go public in the future, so shareholders will also demand more. Many people will hold the remaining shares, including the Las Vegas government and the prince of a country in the Middle East. This is a huge plan, isn’t it?
What one person can do alone, not even me. But I hope that after participating in the plan, you can agree to me being the chairman to create the maximum profit for everyone, what do you think?"
"Moreover, Old Kurt paused, I know, from the conversation just now, I know that you want to use MGM's production capabilities to complete your film investment plan. No problem, you can use all MGM's facilities
They can be used at half the price. Anyway, you know, MGM can't shoot many movies a year now. And our equipment, studio and production team are all the best!" Old Kurt finally spent his money and gave it to Xia
A big favor from Xiao Luo.
"Well, I agree with your point of view. Only you as the chairman can bring the greatest benefits to the hotel. I accept it." This condition is so generous that Xia Xiaoluo has no reason not to accept it. The most important thing is that he knows that
In 2004, a time and space where Xia Xiaoluo was not reborn, when MGM Hotel Group issued an unsolicited acquisition offer of US$7.65 billion to Mandali Group (yresort group), at that time, the chairman of MGM's board of directors was still Corvo
Especially, Xia Xiaoluo did not want to distort the trajectory of history to an extent that he could not control. Moreover, in the past few decades, there had been no scandals involving the exploitation of shareholders and the hollowing out of the company, so Xia Xiaoluo felt at ease with him.
.
Old Kurt stretched out his hand with satisfaction: "Well, congratulations, Mr. Xia Xiaoluo, you have become a member of Las Vegas and become old Kurt's friend."
[Thank you brother for the flowers, more than 30 flowers a day, at the end of the month, which is very impressive. Recently, Xiaomi has had a lot of things happen at home, but he has been working hard. Facts have proved that hard work pays off, dear book friends,
You have given me a lot of happiness, which makes me feel more precious and cherished than the meager royalties.】