Their guidance is usually pretty conservative ... the Las Vegas locals market is still one of the best gaming markets in the U.S..
Investors expected a good quarter and they got it ... the focus now is what happens when Red Rock opens on April 18.
You can see that by the sheer number of bigger companies interested in Pennsylvania that there are not a whole lot of other domestic opportunities right now.
You're pretty much looking at a summer of 2007 event.
They're finally moving forward to get issues resolved, which is a good sign. But the key is still how many distributors will be allowed. The timing has been a moving target, but my best guess right now is we're looking at a September time frame.
These companies are making long-term bets on the continued strength of the economy and visitation in Las Vegas. I don't think anybody knows for! sure what the total capacity will be in 2010 and what the demand will be four to five years from now to support the increase in supply. We only know about a portion of the potential supply out there.
This was a pretty strong month for the gaming industry and the sector has closed out pretty strong. There has been a lot of positive commentary coming out about Red Rock and the stock has certainly been acting positively. But there has also been a lot of positive news across the board.
There are not huge increases in the numbers (of visitors), but you're seeing more profitable guests.
This is a new venture. (A judge says) even though it looks like a slot machine and acts like a slot machine, it's not really a slot machine.
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