The fact that the final decision has been extended so many times tells me a few things.
1 - They want to convey the image that they are looking into it thoroughly, deliberating, taking in all the possible scenarios and pros/cons, when in reality they probably made a decision on the matter withing a few days after receiving it.....
The image ????..... No its what they do ....."looking into it thoroughly, deliberating, taking in all the possible scenarios and pros/cons"
2 - They want to convey the image of power and control to all involved, especially the foreign entity buying in....
The FIRB ARE the power and control .... They dont need to create an image
3 - They have likely approved the transaction but are extending to cast doubt. If the proposed deal was a hard no in the eyes of the FIRB, there wouldn't be so many extensions. A firm rejection would have come across within weeks of submitting the proposal.....
Cast Doubt????? Thats not how FIRB work and even if they did it would be across the board not just applied to one pissy little project. They are looking at all the pros/cons and are not yet in a position to provide a YES or No seems more realistic.
CZR Price at posting:
29.0¢ Sentiment: None Disclosure: Held
(20min delay)