Marc Falcone Vegas Quotations

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 believe Red Rock will redefine a new development and experience standard for both the locals and Las Vegas Strip markets.

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.

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.

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

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.

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