People are still taking the temperature on the strength of the fundamentals in Las Vegas. The stocks had a strong run in the first quarter and expectations are high.
More Quotes from Marc Falcone:
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.Marc Falcone
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.
Marc Falcone
The broader trend is private-equity interests in hotel assets.
Marc Falcone
They have a clear strategy, a great brand name and top assets, ... CDI could surprise some people in the next couple of years.
Marc Falcone
I have a hard time believing they would turn away if the project were to come in at, say 1.3 billion.
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
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