Marc Falcone
Marc Falcone
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.
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 clear confusing earnings insurance next operators picture reports time year
We anticipate that it could be some time before operators have a clear picture of insurance receipts, which could make earnings reports for operators confusing over the next year or longer.
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.
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.
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.
difficult people turn waiting
Is it just a spigot you turn on, the people are waiting and just turn up? It's difficult to say.