It is hard to see what will be the next target, but given the high amounts of capital interested in these types of assets, other transactions could follow.
We have lowered expectations and we remain concerned that investors will continue to be disappointed.
We view this announcement as a negative for the gaming group as it adds more capacity at the high end in Las Vegas.
These days it seems hotels can charge almost whatever they want for a room. The industry has become an oligopoly, and all the major players are doing well.
This year's survey showed that competition in the slot market is as competitive as it has ever been. This is a major concern considering the lack of new sales opportunities in the market over the next one to two years.
This game has created a whirlwind of demand for Aristocrat products that does not appear to have peaked.