Rita's impact appears less than initially feared. Gaming assets in Lake Charles were damaged but it appears as if full rebuilding may not be necessary. While the city of Lake Charles sustained some significant damage and it will likely be some time before business comes back, our initial read is that the community is far less devastated than New Orleans.
Celeste Brown
We really enjoy coming out here, not so much to make money but to socialize and interact with everybody.
money enjoy
community time business city impact read damage
The new properties are opening in relatively underserved areas with high population growth, and we expect they will largely expand the market.
growth market population
We had expected a sale price of 00 million in our previous target. The 00 million price even exceeds what we believed to be the high-end of any sale range.
price
We believe most investors will focus on the softness in the Las Vegas locals market.
focus market
The strong result is encouraging given some investor concerns over a miss.
encouraging strong result
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