CHART DU JOUR: CONSUMERS FEELING GASSY BUT NOT BLOATED

Takeaway: QE = higher gas prices = lower casino revenues

  • Higher gas prices have a statistically significant negative impact on US gaming revenues
  • Both QEs contributed to higher gas prices and we expect QE3 to be no different
  • US gaming revenue growth has been stagnant even with flattish gas prices

CHART DU JOUR: CONSUMERS FEELING GASSY BUT NOT BLOATED - cc

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