In all likelihood, operators will start getting business interruption insurance in the fourth quarter, which would add upside to our forecasts.
—Marc Falcone
Wynn rates are tracking at a 10 percent to 15 percent premium to the market and are averaging $300-$330 through November.
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.
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.
We believe this is likely the first of several projects of similar size and scope, which we anticipate could Include Reno and Durango. We expect Station Casinos to provide a more detailed development outlook on...
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