Gaming revenues in the United States have generally been disappointing thus far in 2012 as gamers look elsewhere (Singapore, Macau) to gamble and entertain. July numbers for Riverboat gaming revenues have come out and are disappointing. Same store revenues fell -7% year-over-year in July, the worst performance since January 2010. This after the seasonally adjusted trend was predicting a drop of only -4%. Louisiana led the decline, falling a whopping -12% year-over-year for July.
Takeaway: Perhaps Louisianians are content staying at home with a bowl of gumbo. The state took a hit on SSS revenues for July as gaming declined.