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.
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.
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.
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.
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.
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.
business continue model outlook remain revenue shuffle
We continue to like Shuffle Master's longer-term outlook and remain comfortable with the company's business model and revenue mix.
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.
business convention displaced help stimulate vegas
Plus, Las Vegas will be the beneficiary of displaced convention business (from New Orleans), which will help stimulate demand.
america city compared disney great north san top value vegas york
Las Vegas is one of the top destination getaways in North America and a great value compared with the alternatives such as Disney World, New York City and San Francisco.