Higher margin slot play lagging
- Strip slot revenue as a % of total gaming revenue has been sliding since its near-term peak in April 2009.
- This trend is alarming given the higher margin profile of slots versus tables. The demographics - post baby boomer generations are not playing slots – suggests that the trend will continue.
- Strong growth in Baccarat play from China drove all of the increase in table revenue vis a vis slot revenue over the past few years. International visitors accounted for 16% of all Vegas visitors in 2011, up from 13% in 2000.
