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Through its wholly-owned subsidiary, Golden Road Motor Inn, Inc. the Company owns and operates the tropically-themed Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada.
I believe that we will not have enough objective improvement in the housing market and corporate earnings to justify the amount of debt that we took on to achieve these modest gains, which will result in decreased spending and a fight into gold and treasuries. Money for vacations and other luxuries will decline and the resort companies will begin to really feel the pain in early 2011. With tax rates rising next year and tax revenues falling as capital gains are booked this year, we may finally see the second half of the inverse N (\/\) non-recovery.
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