• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here


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

We don't think November's GGR release will be a pretty one for the Strip

November Nevada gaming figures will be released this Thursday, the 10th.  As we wrote in "LV STRIP: BACK IN RED FOR NOVEMBER" (12/31/2012), we're projecting November Strip gaming revenue to fall between -6% and -10%, assuming normal slot and table hold.  We're starting to think we may even be too conservative with that estimate.  Difficult slot hold comps (8.4% vs normal of 7.5%) and sluggish slot volumes will certainly pressure slot revenue.  Moreover, November 2012 has one less Friday relative to November 2011.  Finally, the Pacquiao vs Marquez 3 fight occurred in November 2011 while Pacquiao vs Marquez 4 took place in December 2012.  The 2011 fight contributed to a 7% increase in table drop last year in November.