Is it just a spigot you turn on, the people are waiting and just turn up? It's difficult to say.
Investors may be caught a little bit off guard by the price tag.
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.
As has been anticipated, the property impressed and easily exceeded even our lofty expectations.
It's clear Wynn Las Vegas is growing the market across every segment, slots, table games and baccarat.
I have a hard time believing they would turn away if the project were to come in at, say $1.3 billion.
Wynn rates are tracking at a 10 percent to 15 percent premium to the market and are averaging $300-$330 through November.
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.
All-in, we expected a messy quarter, and results came in slightly above our expectations.
The bids lower than the $47 offer from Columbia indicate that operators believe licensing could pose a difficulty in that proposal.
