As we mentioned earlier, Deutsche Bank analyst Carlo Santarelli is in Las Vegas this week. He just released an investor note detailing the atmosphere following the tragic events of October 1. I don’t have much to add, so I will take the liberty of quoting Santarelli in extenso. As far as the forward-looking aspects of the tragedy are concerned, he predicts “1) a push for some 
permanent tweaks to security measures, 2) an increase in operator costs related to enhanced security measures, and 3) a likely softening, to some degree, in peak period demand (New Year’s/Events) … While there is a different feeling in Las Vegas since Sunday night and hotel security is heightened with a more visible police presence on and around casino floors, as well as some entrance checks, its [sic] optically business as usual. We’ve seen solid midweek volumes on casino floors and in restaurants, as well as healthy usage of event spaces. Pedestrian traffic on the Strip appears normal, with automobile traffic a bit congested 
given the re-routings caused by closures of portions of Las Vegas Blvd South. Said simply, while the environment is more sedate, it feels like business as usual … Our discussions with hotel inventory/yield management contacts have indicated a surge in cancellations, though this is typical behavior and clearly expected. Given the nature of the tragedy, neither we, nor those with whom we’ve spoken, believe the event will create a lasting impact on demand … We anticipate, over the near term, big events, such as New Year’s Eve, could see demand softness, though, as is the case in other markets, this tends to be a short term impact.”
As far as the “more permanent tweaks in security” are concerned, we second that emotion.
