Question-and-Answer Session
Operator
(Operator instructions). We will pause for just a moment to compile the Q&A roster. Your first question comes from the line of Joe Greff with JPMorgan. Joe, please go ahead.
Joe Greff – JPMorgan
Thank you. Good afternoon, everyone. Ken or Sheldon, I was hoping – I’m not sure if you actually mentioned this, I'm juggling two conference calls here, but I was hoping you could touch on the project financing and the update there. I think there have been some articles in the press lately that is kind of doubting your ability to do that. If you can give us an update on that. And then, a timing perspective. Do you expect to get that complete before the IPO road show in Hong Kong? And then I have a couple of follow-ups to Rob in Las Vegas.
Sheldon Adelson
Well, our counsel makes us very much aware of the regulatory requirements in Hong Kong. And very, very strongly admonished us not to have any discussion about what’s happening. However, I can tell you that we expect to have some news for you in the very near future.
Joe Greff – JPMorgan
Okay. And then Rob –
Sheldon Adelson
Very near future.
Joe Greff – JPMorgan
The very near future? Okay. Rob, the comments on the group bookings in Las Vegas for 2010, 2011, can you comment on pricing and then, if you can give us a sense of next year your expectations for what percentage of room nights would relate to the group, the convention side and how does that compare to what – where you think you’ll end up for '09?
Rob Goldstein
Sure.
Joe Greff – JPMorgan
And then, also helping us understand that group dynamic. Where do you think that rate is for group relative to the non-group? Is there still a premium there whereby you would get some sort of mix benefit next year assuming that mix towards group is a little bit greater next year versus this year?
Rob Goldstein
Okay. Well, first let’s begin with the fact that we are thrilled groups are returning. This last quarter, obviously has been a long quarter for us in terms of our whole percentage and the market in Las Vegas across the board and every segment was challenged, but we are really encouraged about these 90 last days we booked enough business – to do 300,000 additional room nights for next year the last 90 days and it continues into October, Joe, we are encouraged. So we are seeing demand, which we hadn't seen honestly in most of '09 – all of '09.
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