NFL players association seems to be zombie focused. They want individual team financials audited of course. They refuse to deal with league wide financials.
The players association fails to recognize the eco-system of professional football. Sports fan love to gamble. Las Vegas casinos run huge sports books. When you have some money on the game you are engaged and passionate. You follow the sport and all the nuances. Some guys even ignore beautiful naked women while the game is on.
Betting on NFL games is a huge chunk of Las Vegas revenue. If the game is disrupted in some fashion, revenues will disappear and shareholders will witness wealth destruction. More importantly fans will become disgruntled. They will find outlets for their gambling passion that have nothing to do with the NFL.
Labour negotiations are emotional and difficult to predict. So be careful. Go short Vegas and long naked beautiful women.
Disclosure: “George Gutowski” writes from a “caveat emptor perspective.” I hold no positions in stocks mentioned in this post. I have no plans to initiate new positions within the next 72 hours.
- Default Research Inc Reports Las Vegas Real Estate Market: ’10 Notice of Default Numbers Show Slow, Steady Recovery (pr.com)
- Lingerie Football League Enters the City of Sin, Las Vegas (bleacherreport.com)
- For Vegas casinos, NFL work stoppage would be “devastating” (profootballtalk.nbcsports.com)