Marc Falcone
Marc Falcone
believe business eve exceed fourth indicate low operators quarter strip vegas volumes year
Conversations with Strip operators indicate that business volumes over New Year's Eve in Las Vegas were up significantly year over year. Additionally, we believe expectations for the fourth quarter on the whole are low and operators could exceed them.
anticipate believe call casinos detailed earnings expect include likely outlook projects provide reno several similar size station
We believe this is likely the first of several projects of similar size and scope, which we anticipate could Include Reno and Durango. We expect Station Casinos to provide a more detailed development outlook on the company's fourth-quarter earnings call (in January).
believe dependence economic factor gaming industry passage protective sources state valuable
We believe the state of Mississippi's dependence on the gaming industry will be an important factor in passage of legislation that is more protective of these two valuable sources of economic vitality.
believe factor local partner relationship
We believe the relationship with a local partner could be a particularly important factor in the decision.
believe casino company continue extensive national operator regional strategic
We continue to believe the acquisition would make strategic sense for Pinnacle, transforming it from a regional operator to a national casino company with an extensive development pipeline.
believe continue earnings grow master per percent share shuffle
We believe Shuffle Master can continue to grow earnings per share at 25 percent to 30 percent.
believe both experience red redefine rock standard strip vegas
We believe Red Rock will redefine a new development and experience standard for both the locals and Las Vegas Strip markets.
believe bids columbia difficulty indicate lower offer operators pose
The bids lower than the $47 offer from Columbia indicate that operators believe licensing could pose a difficulty in that proposal.
believe bids both colony higher likely
We believe that higher bids could be likely from both Colony and Pinnacle.
believe benefit coast continued currently growth percent revenue strip vegas
We believe that Boyd should also benefit from this continued Las Vegas locals growth, so we're currently projecting 9 percent (third-quarter) revenue growth for its Boulder Strip and Coast properties.
announced believe build currently deep depth despite given ground growth labor limited needed phenomenal pool portion proceed projects provide talent
Despite the phenomenal growth of Las Vegas, the construction talent pool is not deep enough to provide the needed labor to build all currently announced projects. We believe if all announced and anticipated projects were to proceed before the end of the decade, a significant portion would not get off the ground given the limited depth of the construction talent pool, most importantly subcontractors.
earnings messy near next possibly term
earnings could be messy over the near term and possibly impacted for the next 12 (months) to 24 months.
business economy french good limited local opposed population tourism
Broadly speaking, there is limited tourism in the French Quarter, as opposed to the population in the suburbs. It's encouraging for the local economy and I think they'll do a good business with construction workers.
ahead complete improving insider offering opening ownership quarter reducing sale third timing
This offering is not a complete surprise, reducing insider ownership and improving the liquidity of the stock. However, we find the timing of the sale interesting, ahead of the opening of Wynn Macau in the third quarter of 2006.