The correlation between taxi trips and table play on the Strip
- The correlation between the YoY change in taxi trips and non-baccarat table drop is 0.68 over the past 5 years
- Since we get taxi and airport data 2-3 weeks before the state releases gaming stats and both are statistically significant variables in explaining gaming volumes, they are major inputs in our monthly projection model
- August taxi trip data was released today and it was down 1.7%. We don’t yet have the McCarran airport data but assuming no surprises, gaming revenues could be flat to slightly down with normal hold.