text: Most of our revenue is essentially cash-based, through customers wagering with cash 
  or paying for non-gaming services with cash or credit cards. Our resorts, like many 
  in the industry, generate significant operating cash flow. Our industry is capital 
  intensive and we rely heavily on the ability of our resorts to generate 
  operating cash flow to repay debt financing, fund maintenance capital 
  expenditures and provide excess cash for future development. 
  
  Our results of operations do not tend to be seasonal in nature, though a variety of 
  factors can affect the results of any interim period, including the timing of major 
  Las Vegas conventions, the amount and timing of marketing and special events for 
  our high-end customers, and the level of play during major holidays, including New 
  Year and Chinese New Year. 