Marc Falcone
Marc Falcone
beginning concerns existed given good investors quarter street stronger summer turned wall
Overall, it was a pretty good quarter given the concerns that existed at the beginning of the summer. Overall, the summer turned out to be stronger than Wall Street investors had been anticipating.
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.
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.
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.
easily exceeded impressed lofty property
As has been anticipated, the property impressed and easily exceeded even our lofty expectations.
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.
assets key quarter quite results
The first quarter results were quite strong. All key assets were drivers.
bet certainly directly growth might open people track
This will certainly open up the sport to a lot of people who might not just go directly to a track to bet on horses. That's where we see significant growth opportunities.
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).
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.
beat cents per projected results
When you take out the one-time charges, they actually beat the projected results by 10 cents per share.
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.
believe bids both colony higher likely
We believe that higher bids could be likely from both Colony and Pinnacle.
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.