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May 12, 2008

Onex eyes move into gambling

“You say Las Vegas is overbuilt. That was certainly my reaction. But you sit down with Alex [and] he'll take you through it. And every single period when Vegas has been overbuilt, it went on to build more rooms successfully.”

Corp. is ready to place a bet on the U.S. gambling industry, with struggling casino icon Tropicana Entertainment LLC a potential target for Gerald Schwartz's buyout firm. via The Globe and Mail

Read full story from The Globe and Mail

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