I thought it was on the high side, said David Baron, an analyst with Baron Capital Inc.one of Red Rocks largest shareholders. Despite the price, he said he understood the strategic rationale for the purchase, owning both the casino and www.access bet.com land. Were long-term believers in the Las Vegas market, Marc Falcone, chief financial officer of the Las Vegas-based company, said on a May 4 conference call. Controlling the land underneath those properties was key to our long-term belief in the Las Vegas locals market. The deal will save Red Rock 7 million a year in rent, Falcone said. A Red Rock spokeswoman said the company wouldnt www.access bet.com any more details.
Requests for comment www.access bet.com Victoria Fertitta were referred to the company.