Strip revenues may have fallen YoY in August
- Assuming normal slot and table hold, our model is predicting -3% to +1% for August Strip gaming revenue YoY change. Baccarat, as usual, will be the wild card.
- McCarran airport passengers grew 0.3% while NV taxi trips fell 1.7% in August.
- Slot volume, the most important Strip metric in our opinion, could fall again in August, which would be the 5th consecutive month of declines. Slot win faces a difficult slot hold comp of 8.1%.
