- Las Vegas Strip slot volume could continue to decline through Q1 2013. 2012 slot volume is expected to fall 2.5% YoY.
- Slot revenue has outpaced slot volume growth for years as the player payout continues to decline
- We blame demographics – younger generations are just not interested in slot machines. Unfortunately, those baby boomer gamblers won’t live forever.
Takeaway: No recovery in slot volume in the near-term