1. Welcome to PWF!
    CLICK ON THE YELLOW BUTTON to sign up and talk about WWE, TNA, ROH, NJPW and so much more!
    Dismiss Notice

$100 Million WWF (WWE) Hotel And Casino

Discussion in 'General Discussion' started by Highspot, Nov 8, 2018.

  1. Highspot

    Highspot Failure is not an option Administrator

    3,604
    162
    63
    Whatever happened to this Casino that was suppose to be the mecca of wrestling and gambling? Here is a great video on it


    Any thoughts or opinions???
     
  2. Juventudinho

    Juventudinho Il Capitano Administrator

    11,767
    532
    113
    WWE tried a lot of stupid shit. That cafe in New York was just a scaled down version of this.
     
  3. Swamps

    Swamps Indie Wrestler

    416
    49
    28
    I'm with Juevy on this one. WWE has tried a lot of dumb stuff over the years. There is a lot of red tape and legalities to opening up a casino. Even on Native Reservations, you have a lot of loops and bounds to go through to get it open.

    Kind of a good thing they got the Saudi Arabia deal and FOX deal, because I'm thinking the XFL is gonna be a bust again.
     
  4. Juventudinho

    Juventudinho Il Capitano Administrator

    11,767
    532
    113
    XFL is being privately funded, so I don't think WWE's deals have anything to do with it.
     
  5. Swamps

    Swamps Indie Wrestler

    416
    49
    28
    Vince (owner of WWE and XFL) is expected to shell out $500 Million on the League during the first three years of its resurgence (Credit - Forbes). Now, that is half a billion there. Remember he also sold an assload of his Stock to get the money for the XFL. Remember the XFL's initial Season was in 2001. He invested $100 Million back then and ended up losing $70 Million. What else happened in 2001? Oh yeah, Vince got an amazing deal on purchasing WCW for only a few million. Remember how they didn't buy out any of the big stars contracts and bring them over? You ever thought about why that happened and we got WWE vs WWE in the Invasion Angle? So yeah, basic economics shows that this could have an effect.
     
  6. Juventudinho

    Juventudinho Il Capitano Administrator

    11,767
    532
    113
    Completely different.

    Vince McMahon was not the owner of the XFL. XFL was partly-owned by the WWE, under a subsidiary. The costs of the league were directly tied to WWE's operations. XFL players were WWE/NBC employees and were paid by WWE/NBC, not by Vince McMahon. That's why WWE was stringent in their expenditure, but that's completely different to the ownership model now.

    Vince McMahon sold a large portion of his WWE stock to get enough capital to start a different company, which owns the new XFL. WWE has no connection with the XFL besides the founder. Considering the WWE is a public company and that Vince doesn't puts any of his own money into the company anymore, I doubt it will run into the same issues as it did when it was owned by the WWE.

    Also, I doubt WWE would've bought major WCW stars contracts even if they hadn't started the XFL. Their contracts were so big that even WCW couldn't pay them but AOL Time Warner, which was like 10x the size of the WWE back then.
     

Share This Page

Loading...