Marc Falcone
Marc Falcone
amount cash company dollar exposure flow gulf impact number percent properties terms total
While Harrah's may have the most exposure in terms of the number of properties and total dollar amount of cash flow in the Gulf region, the impact for the company is not significant as a percent of total cash flow.
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 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.
beat cents per projected results
When you take out the one-time charges, they actually beat the projected results by 10 cents per share.
market percent premium rates tracking
Wynn rates are tracking at a 10 percent to 15 percent premium to the market and are averaging $300-$330 through November.
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.
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.