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.
More Quotes from Marc Falcone:
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.Marc Falcone
Despite this slow start to the fourth quarter, we believe fundamentals on the Las Vegas Strip remain solid for the balance of the quarter and into 2006 ....
Marc Falcone
When you take out the one-time charges, they actually beat the projected results by 10 cents per share.
Marc Falcone
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.
Marc Falcone
Following channel checks with the Las Vegas Strip operators over the last two weeks, we remain encouraged that the overall volume of high-end gaming play improved over last year. The MGM-Mirage properties and Caesars Palace appear to have played lucky for the holiday period while Wynn Las Vegas' hold may have been soft over the New Year's week, but should be normal for the quarter.
Marc Falcone
Plus, Las Vegas will be the beneficiary of displaced convention business (from New Orleans), which will help stimulate demand.
Marc Falcone
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Groucho Marx
This is not a time to back away from the principles that this country was founded on.
Jeff Bingaman
It is all about being open and paying attention to the music in your head. I think most people have original music playing in their heads from time to time.
Tommy Shaw