Question-and-Answer Session
Operator
(Operator Instructions) We will take our first question from Larry Klatzkin with Jefferies & Company.
Larry Klatzkin - Jefferies & Company
Hi, guys, I may have missed it. But, hi, Bill, how you are doing?
Bill Westerman
Okay.
Larry Klatzkin - Jefferies & Company
Forward bookings for the convention business, how are you seeing that compared to a year ago?
Bill Westerman
Bob, do you want to answer that?
Bob Vannucci
Yes, I'll take it. Very strong, Larry, especially on the in-house side. Citywide convention business is off a little bit, but our in-house convention is held very, very strong and look really good going forward.
Larry Klatzkin - Jefferies & Company
That's excellent. Okay. And then, so as far as proposal of the 24 hours and $5 bet limit being raised in Colorado, what do you think the chances are?
Bill Westerman
We are not going to be involved in that. We think it's an exercise in futility.
Larry Klatzkin - Jefferies & Company
All right. So, you don't even think it's a long shot?
Bill Westerman
We don't think it's worth the money that would be spent and the very possible short-term benefit is greatly exceeded by the long-term potential to reopen the door for the slot machines at Racino, which we consider is the biggest threat to the Colorado gaming future. And we think that going into this referendum is playing directly into the hands of the people, who are trying to accomplish that.
Larry Klatzkin - Jefferies & Company
All right. Understood. Well thanks, Bill. I appreciate it.
Operator
Thank you. We will take our next question from [Robert Strogo with RIS Investments]. Please go ahead.
Robert Strogo - RIS Investments
You mentioned you had some expenses for looking at mergers or something along those lines. Would FX real estate, could you tell us what your involvement is exactly with them at this particular point? Obviously you're spending money or there was numbers on a table that were in the 30s, what's going to on with that situation? I know it's a difficult environment with Las Vegas Tropicana just went bankrupt so I was wondering more concerned about that than your operations. I know you have operations problems but everybody does in Las Vegas right now.
Bill Westerman
Well, right now, we only know what FX is doing basically from their public filings. We are not involved in any discussions or negotiations. They have indicated in their filings that they have a continued interest in acquiring the Riviera, but we have said nothing specific and we've had nothing other than a casual major shareholder to the company discussion of operations in general.
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