Stephen A. WynnWell, I think the numbers speak for themselves. The only comment that I would make is that we had a lower hold percentage in Las Vegas. If we normalize it, it would take us up over 100 instead of maybe 5. And things get back to normal in October, which is a sort of a landmark month for us in both markets. Business seems terrific. I know that everybody is studying market shares since Galaxy opened, and my comment is the same as it's been in the past. It isn't so much about market share, which, in our case, depending on hold percentage, goes between 13% and 14% if you normalize hold percentage, but our bottom line keeps climbing. And about the dividend, we are doing our budgeting on the work that's going to unfold in the next few years in Macau, and we have alternative investments. And you can count on the $0.50 a quarter dividend, but I think special dividends are, in fact, special, and there is no certainty about what the board will decide to do about that going forward. I think we can take questions. Question-and-Answer Session Operator [Operator Instructions] Your first question comes from Joe Greff of JPMorgan. Joseph Greff - JP Morgan Chase & Co, Research Division Obviously, a big topic for investors is whether or not tightening of liquidity in mainland China is going to have an impact on the Macau market VIP segment. And I know it was very early, but maybe I'll leave it sort of open-ended. But maybe with respect to credit, if you can tell us what you're seeing thus far either on the direct side or the junket operator side or in terms of repayment lengthening, are you changing anything with respect to reserving? I know you are likely very conservative with respect to reserving, but if you can sort of answer those topics, I'm sure investors would love to hear that.
Stephen A. WynnOkay. Joe, first of all, we don't, at the present time, see any change. That's the answer to the first part of the question. Second part of your question was I acknowledge the fact we are conservative, and we were -- we've never had to increase our reserve because in the 40-odd years I've been doing this, we've never had a special charge because our reserves were inadequate. And if that were to happen, it would be the first time in 43 years. So I think that's about all there is to say in that subject. As you and other investment community professionals are keeping an eye on China and the American economy, so are we. And you view these things with varying degrees of optimism in China and pessimism in America. Joseph Greff - JP Morgan Chase & Co, Research Division Okay. Great. And then maybe these are questions for Matt, quick ones. With respect to potential project financing on Cotai, and, Matt, how are you thinking about the timing of that? And then if you can maybe help us understand the breakout of cash on the parent's balance sheet between Las Vegas and Macau? Matt Maddox Sure. So of the $1.8 billion, it's about $1.1 billion offshore and $700 million onshore at this point in time. And in terms of financing, we have an excess cash in Macau, more cash than debt. And so we will go through a very typical investment-grade style bank financing probably sometime next year to finance Cotai, and it will be a combination of cash flow and bank debt. Operator Your next question comes from Carlo Santarelli of Deutsche Bank. Carlo Santarelli - Deutsche Bank AG, Research Division If you guys wouldn't mind commenting, maybe, on some of the trends you're seeing more recently in October both in Macau and Las Vegas, I think that would be helpful for everyone. Read the rest of this transcript for free on seekingalpha.com