The latest Las Vegas Strip data shows August was quiet in terms of growth. Assuming normal slot and table hold, our model is predicting -3% to +1% growth for August Strip gaming revenue year-over-year change. Slot volume could very well fall again in August, which would mark the fifth consecutive month of declines.
Another metric to note is that McCarran Airport passengers grew 0.3% while Nevada taxi trips fell -1.7% in August. If you’ll recall, there’s a 71% correlation to taxi trips and table volume.
