Marc Falcone Quotes (40 Quotes)

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.

We believe Shuffle Master can continue to grow earnings per share at 25 percent to 30 percent.

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.

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.

They have a clear strategy, a great brand name and top assets, ... CDI could surprise some people in the next couple of years.

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.

It's a lucrative acquisition opportunity.

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 ....

I have a hard time believing they would turn away if the project were to come in at, say 1.3 billion.

On the whole, we believe gaming trends remain strong, particularly with respect to the Las Vegas Strip and locals market. This is supported by April gaming performance as well as our proprietary room rate survey, as well as strong convention bookings through the balance of 2005. Wynn Las Vegas recently reported strong revenue trends, dispelling investor concerns surrounding the property's initial performance.

This offering is not a complete surprise, reducing insider ownership and improving the liquidity of the stock. However, we find the timing of the sale interesting, ahead of the opening of Wynn Macau in the third quarter of 2006.

Broadly speaking, there is limited tourism in the French Quarter, as opposed to the population in the suburbs. It's encouraging for the local economy and I think they'll do a good business with construction workers.

Conversations with Strip operators indicate that business volumes over New Year's Eve in Las Vegas were up significantly year over year. Additionally, we believe expectations for the fourth quarter on the whole are low and operators could exceed them.

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.

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.

While these estimates could still potentially change, we thought it could be useful to forecast a base case for the impacted casinos, giving investors an idea of the

While the fundamentals in Las Vegas still remain strong and above the prevailing negative (investor) sentiment, there are (legitimate) concerns about slowing room rate growth, escalating cost pressures and market valuations close to national peaks.

The broader trend is private-equity interests in hotel assets.

We continue to believe the acquisition would make strategic sense for Pinnacle, transforming it from a regional operator to a national casino company with an extensive development pipeline.

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.

In all likelihood, operators will start getting business interruption insurance in the fourth quarter, which would add upside to our forecasts.

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,

We believe the relationship with a local partner could be a particularly important factor in the decision.

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.

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.

Our contacts in Las Vegas had previously indicated that (credit play) for Chinese New Year was up 20 percent. We believe Chinese New Year also had a calendar benefit relative to the Super Bowl this year which allowed for greater high-end suite availability.

Las Vegas is one of the top destination getaways in North America and a great value compared with the alternatives such as Disney World, New York City and San Francisco.

We continue to like Shuffle Master's longer-term outlook and remain comfortable with the company's business model and revenue mix.

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.

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.

When you take out the one-time charges, they actually beat the projected results by 10 cents per share.

We believe the state of Mississippi's dependence on the gaming industry will be an important factor in passage of legislation that is more protective of these two valuable sources of economic vitality.

We believe that Boyd should also benefit from this continued Las Vegas locals growth, so we're currently projecting 9 percent (third-quarter) revenue growth for its Boulder Strip and Coast properties.

We anticipate that it could be some time before operators have a clear picture of insurance receipts, which could make earnings reports for operators confusing over the next year or longer.

Plus, Las Vegas will be the beneficiary of displaced convention business (from New Orleans), which will help stimulate demand.

Is it just a spigot you turn on, the people are waiting and just turn up It's difficult to say.

It's clear Wynn Las Vegas is growing the market across every segment, slots, table games and baccarat.

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.

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.

The bids lower than the 47 offer from Columbia indicate that operators believe licensing could pose a difficulty in that proposal.