I don't know how they will get these companies to invest millions into these projects unless they are allowed to build them on land. They would not only protect the assets of the casino companies, but land-based casinos could benefit the market greatly.
It's clear Wynn Las Vegas is growing the market across every segment, slots, table games and baccarat.
If Lake Charles avoids a direct hit, devastation to the primary feeder market could have a negative impact as coverage from business interruption insurance is not certain.
Much of the surrounding area and feeder markets suffered considerable damage, which could certainly depress business in the near term. Pinnacle has the largest exposure to the market, which is a concern considering the recent impact to the company from Katrina.
Wynn rates are tracking at a 10 percent to 15 percent premium to the market and are averaging $300-$330 through November.
I think every major casino company wants to get into online gaming but without access to the U.S. market it becomes a costly venture.