In preparation for ISLE's FQ4 2012 earnings release tomorrow morning, we’ve put together the recent pertinent forward looking company commentary.
Feb 23 - FQ3 Conference Call
- “Once Cape's open, we're truly sort of a de-leveraging story. We're probably leverage-neutral until Cape gets open. Once it gets open I think everybody is going to believe we're a de-leveraging story at that time. “
- “I think, is that if it's gradual, if it inches its way up, it won't be near as dramatic as if somebody wakes up and it's gone up $1.00 overnight or $0.50 overnight. If it's a $0.10 here, $0.15 there, you got to understand, I mean in most of our markets it's not the trip to the casino, people aren't burning a tank of gas to come to the casino, it's the fact that they're spending $30 more a week on gas or $50 more a week on gas whatever overall that would have the impact on them.”
- [Cape Girardeau] “Pending regulatory approval, we expect the property to be open in time for the Thanksgiving holiday this calendar year, at least a month ahead of our previous schedule.”
- “For the rest of this year, we expect capital expenditures to be around $45 million with approximately half of that in Cape Girardeau.”
- “Mississippi continues to be an issue, just in general. If you look across the entire state since the floods of the spring, it's been a real challenge.”
- [Competition] “We're kind of seeing the same results that we're seeing in Kansas City [and Pompano]. We really haven't seen anything yet.”
- “Lake Charles is probably the one place where we got a little work to do [on promotional spending] to get it in line with the revenue stream.”