Is MO a precursor for another poor month for the regional markets?
- We believe July gross gaming revenues in Missouri fell 5% YoY but same-store revenues fell almost 8% — 4% lower than the seasonal trend would've predicted. Same-store is lower because the St. Jo Frontier Casino was closed during July of last year. Official results will be out next week.
- July 2012 is down a Saturday but that is mostly captured in the model so results are definitely below recent trend
- Missouri continues to underperform the regional markets due to new competition from Kansas