Makes sense.
First Harrah's buys Holiday, then O'Shea's + Flamingo. They own Bourbon street. Which for anyone who's been to Vegas means they own everything from Harrah's to Flaming Blvd, and back to Audrie St. (runs behind all those casinos) They also own the property across the street, Bally's.
Only part missing is Barbary Coast.
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