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  • Given the free fall of 2008-2009, these core metrics should be recovering faster
  • Table volume is making lower highs and slots have been consistently in the “slow growth” camp
  • “Return to peak EBITDA” analysis is a pipe dream.  Structurally, LV and most of domestic gaming appear permanently impaired.

CHART DU JOUR:  V-SHAPED THIS CHART IS NOT - STRIP