Jason Ader

We definitely expected more consolidation in the industry, although it is always hard to imagine a deal of this magnitude. read more

We definitely expected more consolidation in the industry, although it is always hard to imagine a deal of this magnitude. Mirage's management has underperformed and the stock has languished recently, making it a great opportunity for MGM Grand. But this will have to be a friendly deal if it has a shot of working.

It's a very exciting deal that's good for Mirage's shareholders. This will change the face of the gaming industry.

It's a very exciting deal that's good for Mirage's shareholders. This will change the face of the gaming industry.

The hotel business is on fire. I mean, you look at every major city, and the Four Seasons continues to read more

The hotel business is on fire. I mean, you look at every major city, and the Four Seasons continues to widen its gap over Ritz-Carlton and other premium brands that are out there. But the reality is, you know, the stock is trading at a huge valuation multiple, over 20 times cash flow.

Right now, I think Hilton has clearly put a wrench in the process by offering $70 per share.

Right now, I think Hilton has clearly put a wrench in the process by offering $70 per share.

MGM is very deliberate. They are not going to do a deal that isn't immediately accretive to earnings per share. read more

MGM is very deliberate. They are not going to do a deal that isn't immediately accretive to earnings per share. Harrah's, on the other hand, has done deals that aren't accretive.