Marc Falcone
Marc Falcone
ability expecting globally investors management mgm mirage reflective repeatedly strategic strength type
As we've repeatedly said, this is the type of announcement that is reflective of the strength of MGM Mirage management and its ability to find strategic opportunities globally when investors are least expecting it.
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.
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.
assets key quarter quite results
The first quarter results were quite strong. All key assets were drivers.
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.
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.
allowed assets benefit build casino casinos companies invest market millions projects protect unless
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.
broader hotel interests trend
The broader trend is private-equity interests in hotel assets.
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.
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.
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).