Marc Falcone
Marc Falcone
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 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.
area business certainly company concern depress exposure impact largest markets near pinnacle recent suffered
Much of the surrounding area and feeder markets suffered considerable damage, which could certainly depress business in the near term. Pinnacle has the largest exposure to the market, which is a concern considering the recent impact to the company from Katrina.
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.
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.
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.
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.
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.
deter fans fear machines placing results serve
Some fear the machines will serve as a distraction to the fans and deter them from placing pari-mutuel bets. And the results of such machines have been mixed.
broader hotel interests trend
The broader trend is private-equity interests in hotel assets.
announced believe build currently deep depth despite given ground growth labor limited needed phenomenal pool portion proceed projects provide talent
Despite the phenomenal growth of Las Vegas, the construction talent pool is not deep enough to provide the needed labor to build all currently announced projects. We believe if all announced and anticipated projects were to proceed before the end of the decade, a significant portion would not get off the ground given the limited depth of the construction talent pool, most importantly subcontractors.
easily exceeded impressed lofty property
As has been anticipated, the property impressed and easily exceeded even our lofty expectations.
brand clear couple great name next people surprise top
They have a clear strategy, a great brand name and top assets. CDI could surprise some people in the next couple of years.