One thing I expect from Las Vegas is never expect anything because it's different every time you show up. You really don't make any decisions or have any expectations until you get to the track and see it.

We are definitely slowing down and charging a lot more for it. We are out of Las Vegas. We are very much out of Miami, and we are hesitant in New York City.

Las Vegas has never been hotter, which shows in the gaming numbers through the end of the year. The casinos had record revenues of nearly $1 billion a month in gaming win, which is the best the state has ever seen.

All three factors are contributing to the deceleration in demand for Las Vegas (as a destination).

As time goes on and Las Vegas' worldwide reputation evolves ... the reputation of this being a gaming-only destination has less of a stigma.

But G2E, with 700 exhibitors, shows it's an open industry. Las Vegas has thrived on openness and we should send a signal the industry is open.