Steve Ruggiero Quotes (7 Quotes)

Dan was part of the Mirage development team, so he has the experience, the back ground, the credibility and the vision to take this company further along.

It really depends on who the buyer is. Colony has the flexibility of being a private firm and they're not worried about answering Wall Street analyst questions on a conference call. That gives them an advantage. Certainly, Pinnacle has an edge because it already has a signed agreement, but the question is who can put together best financing package and who wants it the most.

Certainly, the beginning of Chinese New Year helped the January 2006 numbers as it helped February's numbers last year. Every crevice of Las Vegas had strong numbers and this can only point to strong demand for product from Las Vegas locals to Hawaiians visiting downtown alike.

With the high tax rates, this seems like the wisest choice. They are a strong company in their markets so that seems to be the right course to take.

A competing offer is always possible in this heated environment to acquire Las Vegas real estate parcels, but we believe 17 per common share is the appropriate price.

For a company like Pinnacle, this is a huge transaction. It provides Pinnacle with a national footprint and expands their scope into the two most important gaming markets, Las Vegas and Atlantic City, which is critical and necessary for the long term.

I think there's no question that Pinnacle will beat the earnings expectations for the fourth quarter. The company is really the big winner during this time.