Marc Falcone
Marc Falcone
believe bids both colony higher likely
We believe that higher bids could be likely from both Colony and Pinnacle.
ahead analyst buying coast favorable gaming given likely meeting next response shares south stardust week
We would be buying Boyd Gaming shares ahead of the analyst meeting next week given the likely favorable response to South Coast and the pending announcement on the Stardust redevelopment.
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).
add business fourth insurance operators start upside
In all likelihood, operators will start getting business interruption insurance in the fourth quarter, which would add upside to our forecasts.
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.
built create customers efficient employees enjoyable environment experience protected
They would create a more efficient environment for employees and a more enjoyable experience for customers as well as being built in more protected areas.
avoids business charles coverage direct impact insurance lake market negative primary
If Lake Charles avoids a direct hit, devastation to the primary feeder market could have a negative impact as coverage from business interruption insurance is not certain.
across clear games growing market table vegas
It's clear Wynn Las Vegas is growing the market across every segment, slots, table games and baccarat.
difficult expect negativity toward
It's difficult to find a lot of negativity toward the group. Clearly, the fundamentals are very strong, and I expect that to continue.
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.
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.
base case estimates forecast giving investors useful
While these estimates could still potentially change, we thought it could be useful to forecast a base case for the impacted casinos, giving investors an idea of the
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.