We forecast even greater Northeast gaming growth in 2006, with the opening of additional racetrack slots in New York, the possible commencement of gaming in Pennsylvania, the likelihood of expanded gaming in Delaware, and major property expansions throughout the region.
More Quotes from Joe Weinert:
Increasingly, we're becoming a society that has grown up with solitary gaming experiences on their computers, TV sets or personal game consoles. And I think people are going to casinos and discovering the community atmosphere on the gaming tables. They're finding out that, hey, it's fun to be around real people.Joe Weinert
That can potentially recapture some of the business lost.
Joe Weinert
We estimate between a 5 to 8 percent loss of present day gaming revenues.
Joe Weinert
Clearly, gaming nationwide has evolved into a multi-faceted entertainment experience. More and more facilities are following the Las Vegas model.
Joe Weinert
It might come to a point where Pinnacle has a decision to make. The company could reduce its equity stake to a third or less.
Joe Weinert
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