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# With seventeen casinos, Moneyland operates the most casinos

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With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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21 Jul 2016, 12:56
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Question Stats:

46% (02:08) correct 54% (02:46) wrong based on 3654 sessions

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With seventeen casinos, Moneyland operates the most casinos in a certain state. Although intent on expanding, it was outmaneuvered by Apex Casinos in negotiations to acquire the Eldorado chain. To complete its acquisition of Eldorado, Apex must sell five casinos to comply with a state law forbidding any owner to operate more than one casino per county. Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Which of the following, if true, most seriously undermines the prediction?

A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.
B) The majority of Eldorado's casinos in the state will need extensive renovations if they are to continue to operate profitably.
C) Some of the state's counties do not permit casinos.
D) Moneyland already operates casinos in the majority of the state's counties.
E) Apex will use funds it obtains from the sale of the five casinos to help fund its acquisition of the Eldorado chain.

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With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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22 Jul 2016, 14:33
15
5
paidlukkha wrote:
I was stuck between A & C
why is C wrong?

origen87 wrote:
Hi!

I think C neither strengthens or weakens the prediction.

Prediction: Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Basically we need to somehow support Moneyland to increase the number to >20.

Counties that do not permit casinos are like neutral voters, they can neither increase nor decrease Moneyland's casino count.

What's your line of reasoning?

RaghavSingla wrote:
Tricky question. I chose intially D but after checking OA, indeed it is correct.

Explanation:

If Apex, Elrando nd moneylend are the only casino operators in the state and now with acquisition, Erlando is no more hence only Apex and Moneylend are left. Now moneylend has 17 casions already and apex after selling will have 20.

However, it will those casinos to whom? Moneylend offcourse. Hence moneylend has now 22 casinos. Had there been others owners then this situation could have changed. Hence A is the correct answer.

Posted from my mobile device

Option A:
Previously Apex + Eldorado = 25 casinos,

After acquisition Apex = 25 (before selling)
After acquisition Moneyland = 17 (before buying)
Total 42 casinos.

There are 5 counties in which Apex and Eldorado both had casinos. Therefore Apex has to sell off those 5 casinos in those 5 counties. Now consider the 6 cases:

Out of those 5 counties, Moneyland could already have a casino in 0,1,2,3,4 or all 5 counties. Following are the 6 cases:

case 1: Apex 20, Moneyland 22, closed down 0. (Moneyland had casino in 0 counties, Apex sells 5 casinos to Moneyland) (RaghavSingla, this is the only case you considered; however there are 5 other possible cases)
case 2: Apex 20, Moneyland 21, closed down 1. (Moneyland had casino in 1 county, Apex sells 4 casinos to Moneyland)

case 3: Apex 20, Moneyland 20, closed down 2. (Moneyland had casino in 2 counties, Apex sells 3 casinos to Moneyland)
case 4: Apex 20, Moneyland 19, closed down 3. (Moneyland had casino in 3 counties, Apex sells 2 casinos to Moneyland)
case 5: Apex 20, Moneyland 18, closed down 4. (Moneyland had casino in 4 counties, Apex sells 1 casino to Moneyland)
case 6: Apex 20, Moneyland 17, closed down 5. (Moneyland had casino in all 5 counties, Apex sells 0 casino to Moneyland)

There are 2 cases (case 1,2), in which Apex does not have the maximum number of casinos. Hence A weakens.
However we can also see that in the last 4 cases (case 3-6), Apex still has the maximum number of casinos. Hence A strengthens the argument.

Now since probability of strengthening is 4 out of 6 and weakening is 2 out of 6, statement A is actually a strengthening type statement, not a weakening type.

There should have been another line in the passage " Moneyland does not have casinos in at least 2 counties in which both Apex and Eldorado have casinos". Then the question is weakening type since then only case 1 and case 2 would be valid. Moreover then it would not be a weakening type, but an inference type question.

Option C: It does not matter whether some counties do not allow casinos. Those counties in any case do not have any casinos and hence do not come into consideration in the above analysis.
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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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21 Jul 2016, 15:03
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Tricky question. I chose intially D but after checking OA, indeed it is correct.

Explanation:

If Apex, Elrando nd moneylend are the only casino operators in the state and now with acquisition, Erlando is no more hence only Apex and Moneylend are left. Now moneylend has 17 casions already and apex after selling will have 20.

However, it will those casinos to whom? Moneylend offcourse. Hence moneylend has now 22 casinos. Had there been others owners then this situation could have changed. Hence A is the correct answer.

Posted from my mobile device
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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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22 Jul 2016, 09:27
1
paidlukkha wrote:
I was stuck between A & C
why is C wrong?

Hi!

I think C neither strengthens or weakens the prediction.

Prediction: Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Basically we need to somehow support Moneyland to increase the number to >20.

Counties that do not permit casinos are like neutral voters, they can neither increase nor decrease Moneyland's casino count.

What's your line of reasoning?
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With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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20 Oct 2016, 06:14
6
3
Hello,

A) is the correct answer and at least to me - the logic is clear if we assume as per the powerscore bible that GMAT questions are written to be logically sound with no additional information

Prompt:
Moneyland has 17 casinos
Post acquisition Apex will be left with 20 casinos but only after selling 5 casinos. Those 5 casinos will therefore be bought by someone. One can logically infer that one would not buy a casino to shut it down but its not actually necessary to do so (most weaken is not an absolute)

A) states that the casino landscape is a closed system, the buyer of those casinos must therefore be moneyland. Therefore moneylands total casinos could increase to 22. The key is could, it may not but it certainly raises significantly the possibility that Moneyland would operate more than 20 casinos

Therefore A) weakens the conclusion

As regards C) - this does not weaken the conclusion indeed the prompt uses the word "operate" which implies that the 20 casinos will by definition be in areas where they will be able to operate
-----
With seventeen casinos, Moneyland operates the most casinos in a certain state. Although intent on expanding, it was outmaneuvered by Apex Casinos in negotiations to acquire the Eldorado chain. To complete its acquisition of Eldorado, Apex must sell five casinos to comply with a state law forbidding any owner to operate more than one casino per county. Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Which of the following, if true, most seriously undermines the prediction?

A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.
B) The majority of Eldorado's casinos in the state will need extensive renovations if they are to continue to operate profitably.
C) Some of the state's counties do not permit casinos.
D) Moneyland already operates casinos in the majority of the state's counties.
E) Apex will use funds it obtains from the sale of the five casinos to help fund its acquisition of the Eldorado chain.
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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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08 Dec 2016, 18:35
1
sayantanc2k wrote:
paidlukkha wrote:
I was stuck between A & C
why is C wrong?

origen87 wrote:
Hi!

I think C neither strengthens or weakens the prediction.

Prediction: Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Basically we need to somehow support Moneyland to increase the number to >20.

Counties that do not permit casinos are like neutral voters, they can neither increase nor decrease Moneyland's casino count.

What's your line of reasoning?

RaghavSingla wrote:
Tricky question. I chose intially D but after checking OA, indeed it is correct.

Explanation:

If Apex, Elrando nd moneylend are the only casino operators in the state and now with acquisition, Erlando is no more hence only Apex and Moneylend are left. Now moneylend has 17 casions already and apex after selling will have 20.

However, it will those casinos to whom? Moneylend offcourse. Hence moneylend has now 22 casinos. Had there been others owners then this situation could have changed. Hence A is the correct answer.

Posted from my mobile device

Option A:
Previously Apex + Eldorado = 25 casinos,

After acquisition Apex = 25 (before selling)
After acquisition Moneyland = 17 (before buying)
Total 42 casinos.

There are 5 counties in which Apex and Eldorado both had casinos. Therefore Apex has to sell off those 5 casinos in those 5 counties. Now consider the 6 cases:

Out of those 5 counties, Moneyland could already have a casino in 0,1,2,3,4 or all 5 counties. Following are the 6 cases:

case 1: Apex 20, Moneyland 22, closed down 0. (Moneyland had casino in 0 counties, Apex sells 5 casinos to Moneyland) (RaghavSingla, this is the only case you considered; however there are 5 other possible cases)
case 2: Apex 20, Moneyland 21, closed down 1. (Moneyland had casino in 1 county, Apex sells 4 casinos to Moneyland)

case 3: Apex 20, Moneyland 20, closed down 2. (Moneyland had casino in 2 counties, Apex sells 3 casinos to Moneyland)
case 4: Apex 20, Moneyland 19, closed down 3. (Moneyland had casino in 3 counties, Apex sells 2 casinos to Moneyland)
case 5: Apex 20, Moneyland 18, closed down 4. (Moneyland had casino in 4 counties, Apex sells 1 casino to Moneyland)
case 6: Apex 20, Moneyland 17, closed down 5. (Moneyland had casino in all 5 counties, Apex sells 0 casino to Moneyland)

There are 2 cases (case 1,2), in which Apex does not have the maximum number of casinos. Hence A weakens.
However we can also see that in the last 4 cases (case 3-6), Apex still has the maximum number of casinos. Hence A strengthens the argument.

Now since probability of strengthening is 4 out of 6 and weakening is 2 out of 6, statement A is actually a strengthening type statement, not a weakening type.

There should have been another line in the passage " Moneyland does not have casinos in at least 2 counties in which both Apex and Eldorado have casinos". Then the question is weakening type since then only case 1 and case 2 would be valid. Moreover then it would not be a weakening type, but an inference type question.

Option C: It does not matter whether some counties do not allow casinos. Those counties in any case do not have any casinos and hence do not come into consideration in the above analysis.

Awesome explanation for all the cases. Many thanks for that. I could only think about the first case in which M buys all the casinos.

And confusion regarding the other options is also valid 100%.
But I think if we look at options other than A, we can eliminate them. My take on this:-
A - case already discussed in detail.
B - Even if casino's will need renovations to operate profitably, we should not be considered about that because profit from casinos is not the concern. Profitable operation is never mentioned in argument. It just says operation. So we can eliminate this.
C - Some counties don't permit - this again shouldn't bother us because nowhere it is mentioned in the argument that we should be concerned about all counties. argument is just about number of casinos operated by 3 chains.
D - This is irrelevant I think because - even if M operates casinos in majority counties , there is nowhere mentioned that one county cannot have more than one casinos operated by different chains. M can have one casino and Apex can also have one casino in same county. Also something similar to this option is already mentioned in argument - "Moneyland operates the most casinos in a certain state". So I believe this option should not count as valid answer.
E - What Apex will do with funds doesn't help in weakening.

So, we can eliminate all other options and option A is left that has at least something to weaken this argument.

Comments on this analysis are most welcome. Please let me know if there is something wrong with the way I have eliminated rest options.

Thanks
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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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11 Apr 2017, 22:56
9
2
walker wrote:
With seventeen casinos, Moneyland operates the most casinos in a certain state. Although intent on expanding, it was outmaneuvered by Apex Casinos in negotiations to acquire the Eldorado chain. To complete its acquisition of Eldorado, Apex must sell five casinos to comply with a state law forbidding any owner to operate more than one casino per county. Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Which of the following, if true, most seriously undermines the prediction?

A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.
B) The majority of Eldorado's casinos in the state will need extensive renovations if they are to continue to operate profitably.
C) Some of the state's counties do not permit casinos.
D) Moneyland already operates casinos in the majority of the state's counties.
E) Apex will use funds it obtains from the sale of the five casinos to help fund its acquisition of the Eldorado chain.

Casino Negotiations

Step 1: Identify the Question

The word undermines in the question stem indicates that this is a Weaken the Argument question.

Step 2: Deconstruct the Argument

M: 17 casinos (most in state)

A: acquired E chain of casinos

A must sell 5 casinos, 20 left → © A will have most

Step 3: Pause and State the Goal

In a Weaken question, the right answer will make the conclusion less likely to be correct. Here, the conclusion is that Apex Casinos will have the most casinos in the state, after it completes its acquisition of Eldorado. The right answer will show how Apex could actually not have the most casinos in the state. It will likely do this by showing that Moneyland will acquire more casinos, that Apex will lose more casinos, or that a third entity will have more casinos than Apex.

Step 4: Work from Wrong to Right

(A) CORRECT. As part of its overall plan, Apex is required to sell five casinos. If Apex doesn’t do this successfully, it will not be able to acquire the Eldorado casinos, and will not have the most casinos in the state. If it does successfully sell the 5 casinos, it must have a buyer. This answer choice implies that the only possible buyer is Moneyland. Moneyland already has 17 casinos, so if it buys five casinos from Apex, it will have 22 in total. In this scenario, Moneyland, not Apex, will have the most casinos.

(B) The conclusion only states that Apex will have the most casinos, not the most profitable casinos. Whether the casinos can operate profitably isn’t relevant to the conclusion.

(C) It is not clear how these rules would affect the likelihood of Apex successfully acquiring Eldorado’s casinos to become the company with the most casinos because Eldorado’s existing casinos have to be located in counties that allow casinos. This prohibition could limit the ability to build new casinos, but this would affect all companies and would not change the number of existing casinos.

(D) The argument already states that Moneyland owns 17 casinos. As long as this is fewer than 20, and as long as Moneyland does not acquire more casinos, the conclusion will hold. This answer choice does not state that Moneyland will acquire more casinos (or that Apex will be unable to acquire casinos). In fact, it makes it less likely that Moneyland will be able to acquire more casinos, since the state only allows Moneyland to operate one casino per county.

(E) This makes it more likely, not less likely, that Apex’s acquisition will be successful. If there is a clear source of funding, Apex is more likely to successfully complete the acquisition and end up with 20 casinos in total.
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With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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06 Aug 2017, 04:02

I used similar approach to yours but can you validate my below reasoning
on the lines of RaghavSingla in above post:
M A E
17 25 x before acquisition
22 20 x-5 after acquisition

Let's leave E since we know it is acquired by A and as such had less casinos than A and M

Now my goal of weakening the argument should be to weaken the prediction that
A does not have maximum no of casinos

This is possible if option (A) is true then as per your remarks M has more casinos than A but
only if there are no other casino organizations in country.
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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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07 Aug 2017, 14:21

I used similar approach to yours but can you validate my below reasoning
on the lines of RaghavSingla in above post:
M A E
17 25 x before acquisition
22 20 x-5 after acquisition

Let's leave E since we know it is acquired by A and as such had less casinos than A and M

Now my goal of weakening the argument should be to weaken the prediction that
A does not have maximum no of casinos

This is possible if option (A) is true then as per your remarks M has more casinos than A but
only if there are no other casino organizations in country.

I am not quite sure what your question is but it seems like you answered your own question:
Pasting Option A for your reference below:
'A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.'

This says, that if Apex, Eldorado and Moneyland can only operate casinos and there are no other casino organizations.

Hope I was clear
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With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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20 Nov 2017, 05:25
walker wrote:
With seventeen casinos, Moneyland operates the most casinos in a certain state. Although intent on expanding, it was outmaneuvered by Apex Casinos in negotiations to acquire the Eldorado chain. To complete its acquisition of Eldorado, Apex must sell five casinos to comply with a state law forbidding any owner to operate more than one casino per county. Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Which of the following, if true, most seriously undermines the prediction?

A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.
B) The majority of Eldorado's casinos in the state will need extensive renovations if they are to continue to operate profitably.
C) Some of the state's counties do not permit casinos.
D) Moneyland already operates casinos in the majority of the state's counties.
E) Apex will use funds it obtains from the sale of the five casinos to help fund its acquisition of the Eldorado chain.

Hi mikemcgarry,

Need your help here.

I do understand the logic of the argument but by selecting A aren't we assuming that the casinos sold by Apex will be purchased by other casinos only. Isn't this an additional assumption ?
For example: A casino might also be just sold off as a property (not necessarily to some other casino) and utilized later for some other purpose.

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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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21 Nov 2017, 15:29
3
Poorvasha wrote:
walker wrote:
With seventeen casinos, Moneyland operates the most casinos in a certain state. Although intent on expanding, it was outmaneuvered by Apex Casinos in negotiations to acquire the Eldorado chain. To complete its acquisition of Eldorado, Apex must sell five casinos to comply with a state law forbidding any owner to operate more than one casino per county. Since Apex will still be left operation twenty casinos in the state, it will then have the most casinos in the state.

Which of the following, if true, most seriously undermines the prediction?

A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.
B) The majority of Eldorado's casinos in the state will need extensive renovations if they are to continue to operate profitably.
C) Some of the state's counties do not permit casinos.
D) Moneyland already operates casinos in the majority of the state's counties.
E) Apex will use funds it obtains from the sale of the five casinos to help fund its acquisition of the Eldorado chain.

Hi mikemcgarry,

Need your help here.

I do understand the logic of the argument but by selecting A aren't we assuming that the casinos sold by Apex will be purchased by other casinos only. Isn't this an additional assumption ?
For example: A casino might also be just sold off as a property (not necessarily to some other casino) and utilized later for some other purpose.

Dear Poorvasha,

I'm happy to respond.

My friend, in doing the GMAT CR, it's very important to have a sense, especially a business person's sense, of how things operate in the real world. See:
GMAT Critical Reasoning and Outside Knowledge.

This is a brilliant official question, and the OA is (A). You are correct: the logic of this is that the pool of buyers is limited. If Apex buys Eldorado and wants to sell 5 casinos, who can buy them? Apex is the seller, Eldorado would be no longer an independent entity, and Moneyland is the competitor that Apex is trying to outmaneuver.

Think about it: more so than, say, an office building, a casino is a building that has tremendous infrastructure: gaming machines, specific play tables, etc. Almost no other industry could come in and use the space for purposes other that a casino. The cost of the casino itself would be substantially more than the cost of the land it occupies, so for someone to buy it purely for the land--that is, intending to liquidate and knock-down the casino and then build anew--then either Apex or that land-buyer would take a HUGE capital loss. Let's say that the casino + land is \$20M and the land alone is \$4M--there would be a \$!6M loss, absorbed by Apex or the land-buyer or split between them. That is not the stuff of financial success. When the argument says that "Apex must sell five casinos," what's implied is that they are sold as casinos, not written off as losses.

If you just use your own creativity and imagination on GMAT CR, you will wind up going down all kinds of rabbit holes that will lead you away from the correct answer. You have to have a real-world sense of how much different things cost, how much money or effort or difficulty is involved in pursuing various actions. You get that sense by reading the business news every single day.

Does all this make sense?
Mike
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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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06 Jan 2018, 04:56
1
M has 17 casinos.
A - 5 = 20 ( sell 5 to buy eldrado) and still left with 20 casinos( this includes eldrado chain casinos too).

But what if there are only 3 brands out there?
Those 5 sold will be bought by moneyland and hence have 22 casinos.
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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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07 Feb 2018, 20:21
Wow this is an incredibly good question! So A tells us that only Apex, Eldorado, and Moneyland are allowed to operate casinos in the state.

Well, if Apex has to SELL FIVE casinos, then who must Apex SELL these casinos to? Well, Apex can't sell it to Eldorado because Eldorado is GOING AWAY.

Therefore, the only company that's able to claim the FIVE casinos is Moneyland. Moneyland = 17 + 5 = 22. 22 > 20. Therefore we can undermine the conclusion!

Incredible question!
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With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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02 Mar 2018, 03:56
GMATNinjaTwo generis VeritasPrepKarishma GMATNinja

Can experts help me to validate my PoE for (D) and (A)

Since this is weaken question, my first step is to identify the conclusion, which is:
Apex Casinos will have the most casinos in the state after acquisition.

Why author say so?
Since Apex will still be left operating twenty casinos in the state after acquisition of Eldorado , and the next highest is Moneyland which operates 17 (same no of casinos before and after the above acquisition)

Few more facts I need to know:
A state law forbids any owner to operate more than one casino per county.
Because of this law, Apex must sell 5 casinos that it PRESENTLY has.
Moneyland also wanted to expand but probably could not get correct bid for buying
Eldorado in comparison to Apex. (Could be that M quoted less than A)

Now, D says:
Quote:
Moneyland already operates casinos in the majority of the state's counties.

After acquisition, we are given that Apex shall have 20 casinos.
We are also given that moneyland has and will have same no of casinos ie 17
since it lost bid against Apex. So even if it operates MAJORITY in any on state's countries, my conclusion that Apex has maximum no of casinos is not weakened since Apex has 20 and Moneyland has 17.

Quote:
A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.

Do I have to NEGATE this for conclusion for break? Since if there is any another organization, it HAS TO operate
more casinos than Apex. I am not able to find such evidence in argument.

Am I correct in my reasoning?

P.S. Can you please take up the question in upcoming QOTD?
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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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08 Mar 2018, 16:42
4
GMATNinjaTwo generis VeritasPrepKarishma GMATNinja

Can experts help me to validate my PoE for (D) and (A)

Since this is weaken question, my first step is to identify the conclusion, which is:
Apex Casinos will have the most casinos in the state after acquisition.

Why author say so?
Since Apex will still be left operating twenty casinos in the state after acquisition of Eldorado , and the next highest is Moneyland which operates 17 (same no of casinos before and after the above acquisition)

Few more facts I need to know:
A state law forbids any owner to operate more than one casino per county.
Because of this law, Apex must sell 5 casinos that it PRESENTLY has.
Moneyland also wanted to expand but probably could not get correct bid for buying
Eldorado in comparison to Apex. (Could be that M quoted less than A)

Now, D says:
Quote:
Moneyland already operates casinos in the majority of the state's counties.

After acquisition, we are given that Apex shall have 20 casinos.
We are also given that moneyland has and will have same no of casinos ie 17
since it lost bid against Apex. So even if it operates MAJORITY in any on state's countries, my conclusion that Apex has maximum no of casinos is not weakened since Apex has 20 and Moneyland has 17.

Quote:
A) Apex, Eldorado, and Moneyland are the only organizations licensed to operate casinos in the state.

Do I have to NEGATE this for conclusion for break? Since if there is any another organization, it HAS TO operate
more casinos than Apex. I am not able to find such evidence in argument.

Am I correct in my reasoning?

P.S. Can you please take up the question in upcoming QOTD?

Hi adkikani, you are on the right track here.

This is a sneaky one. Remember, Apex must sell 5 casinos once it acquires the Eldorado chain. Who is going to BUY those 5 casinos from Apex? Well, it can't be Eldorado, since they were just acquired by Apex. If choice (A) is true, then the ONLY other potential buyer is Moneyland. That means that Moneyland will have 22 casinos in total after the sale. Thus, Moneyland (22) will have more casinos than Apex (20).

I hope that helps!
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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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03 Jun 2018, 07:15
...To complete its acquisition of Eldorado, Apex must sell five casinos to comply WITH A STATE LAW FORBIDDING any owner to operate more than...
in this above sentence who grammatically is it correct to use the infamous with+ noun + participle form..

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With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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28 Oct 2018, 22:46
In a Weaken question, the right answer will make the conclusion less likely to be correct. Here, the conclusion is that Apex Casinos will have the most casinos in the state, after it completes its acquisition of Eldorado. The right answer will show how Apex could actually not have the most casinos in the state. It will likely do this by showing that Moneyland will acquire more casinos, that Apex will lose more casinos, or that a third entity will have more casinos than Apex.

CORRECT ANS: As part of its overall plan, Apex is required to sell five casinos. If Apex doesn’t do this successfully, it will not be able to acquire the Eldorado casinos, and will not have the most casinos in the state. If it does successfully sell the 5 casinos, it must have a buyer. This answer choice implies that the only possible buyer is Moneyland. Moneyland already has 17 casinos, so if it buys five casinos from Apex, it will have 22 in total. In this scenario, Moneyland, not Apex, will have the most casinos.

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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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22 Apr 2019, 02:14
D - I chose D because I erroneously skipped the math on this one.
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Re: With seventeen casinos, Moneyland operates the most casinos  [#permalink]

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23 Jun 2019, 06:37
I have a doubt.
What would happen if Eldorado has 10 casinos?
The total for Apex would be 20+10, which is greater than 22.

We don't know the number of casinos of Eldorado. Can we assume it is only 1 ?
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Re: With seventeen casinos, Moneyland operates the most casinos   [#permalink] 23 Jun 2019, 06:37
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