Marc Falcone
Marc Falcone
access becomes casino company gaming major market online wants
I think every major casino company wants to get into online gaming but without access to the U.S. market it becomes a costly venture.
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.
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.
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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.
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I don't know how they will get these companies to invest millions into these projects unless they are allowed to build them on land. They would not only protect the assets of the casino companies, but land-based casinos could benefit the market greatly.
across clear games growing market table vegas
It's clear Wynn Las Vegas is growing the market across every segment, slots, table games and baccarat.
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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).
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Overall, we remain impressed with results from the high-end business and expect that the addition of Wynn Las Vegas will help maintain the strong momentum.
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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.
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We continue to like Shuffle Master's longer-term outlook and remain comfortable with the company's business model and revenue mix.
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.
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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.
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The opening of Red Rock is a highly anticipated event. We think it will do exceptionally well due to its location and quality.
beat cents per projected results
When you take out the one-time charges, they actually beat the projected results by 10 cents per share.