William Schmitt
William Schmitt
casino difference jersey less level lower opposed parlor percent rate slot tax
It will cannibalize, but the difference is you have a 50 percent tax rate and you have a slot parlor as opposed to a much lower tax rate in New Jersey and a full-blown casino resort. The level of amenities is going to be much less (in Pennsylvania).
difficult good growth industry portfolio
Growth in this industry is difficult to come by and it's a pretty good portfolio of assets.
clear commented definite lack plan several
We've commented several times on our disappointment with the lack of a clear and definite redevelopment plan for Las Vegas.
few growth industry stories
It's one of the few growth stories in the industry right now.
although further high numbers public rule
Although the numbers are getting high for the public companies, we would not rule out further offers.
front
That's just dead. It's off the front burner.
risk
This is probably one (company) where that risk is the greatest.