A year ago, the industry came out aggressive with pricing to the farmers. I think the farmers responded by planting more acres. |
All this, combined with the opening of Las Vegas Sands Palazzo in 2007 with 3,025 rooms and Wynn Resorts' Encore in 2008 with 2,000 rooms, is causing oversupply concerns. |
Although there were a few positive comments concerning particular products, generally these decision makers were very apathetic to buying large numbers of machines and felt the rollout of downloadable slots is far off and manufacturers should be more coordinated. |
Furthermore, there is always the fear that one more building boom will be the straw that breaks the camel's back. We remind investors that the cruise sectors maintained for many years that new supply would create demand until it didn't in 2000-2003. |
I think sunflower has kind of come full circle. It was a Cinderella crop in the late 1970s and early 1980s. But as other crops have had technology - Roundup Ready corn, herbicides and insect resistance - growers have opted for those technologies in lieu of sunflower. |
I thought it was a very well played game on both parts. Fortunately tonight, we played well and obviously shot the ball a lot better than we did last night against Shoshone (in a 36-25 loss for the conference championship). |
I'm really proud of our girls and what they accomplished this year. Shoshone played a great game. They shot so well today. If Shoshone plays at that level, they're a better team than we are right now. But fortunately we've got everybody coming back except for three seniors. |
In spite of everything this season, Kevin (Murphy) comes every night to play. The kids played hard. |
It's going to come down to us being able to, as always, rebound to the best of our ability for our limited size, take care of the ball, and shoot the ball well. Our defense is always there. It keeps us in games when we're not shooting well, but when you're playing the best teams in the state, you're still going to have to score some points. |
Operators will argue that we should not worry about overbuilding as eventually the demand fills the rooms, but historically there have been periods where overbuilding did not lead to significant gaming revenue growth. |
Our analysis of the locals market suggests that this concern is justified, given that it would take 5 percent population growth and 10 percent increased spending per person to grow same store sales 4 percent ... and to reach revenue targets for Red Rock (Resort) and South Coast. |
Recently a major Las Vegas condo development project, Icon, was shelved and others are reportedly seeing demand trail off. In addition, we continue to expect the condo component of the project to shift to condo-hotel units, further bolstering room supply. |
Still, we've seen a 50 percent increase in 20 years. |
That shot at the end of the half was huge. It took the lead from five points to eight and we never recovered. It (a slow tempo) was pretty successful, but when you get down by more than five, it gets tough. |
That's the hardest our kids have played all year. I don't fault their efforts. Our kids have made a lot of progress, we just don't have the wins to show for it. The last time we played Willard, we were embarrassed. They scored over 100 points. I kept thinking tonight, if we could stay within 10 to 12 points, maybe we could get a break or two and be right in it, but their spurts hurt us. |