In the long run, we think this legislation would be good for the state's tourism industry,

This could be the last March Madness if the legislation moves through and it passes, ... They've been talking about this since early last year and a bill's been reintroduced. They say if it's going to happen at all it will happen this year. I think it's very possible.

either be severely or permanently impaired.

We believe this transaction in the long run is great for shareholders because it gives Hilton a true international presence. There will be less consumer confusion and it will help build Hilton's global loyalty program and enhance their international development opportunities.

Through November [2002], we believed that discretionary consumer spending growth of 3 percent was adequate to support increased gaming spending. Room availability in Las Vegas during New Year's, however, indicates retrenching demand and what we believe to be an increasingly cautious consumer.

It's reasonable to use history as your beacon for the future,