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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.

 CHART DU JOUR:  DECLINING SLOT CONTRIBUTION  - STRIP2