• It's Coming...

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

Las Vegas Strip gaming revenue rose 3.6% in October on a year-over-year basis. The upside exceeded expectations and was due in large part to higher slot hold. Since September ended on a Sunday, due to an accounting policy, ~$50 million in slot revenue was carried into October; hence, a higher than normal hold rate (8.1%) resulted. With the Vegas gaming market still in a depressed state, future data is expected to remain weak.

Vegas Strip Surprise Data - SLOT666