CHART DU JOUR: IT'S NOT THE ECONOMY, STUPID

Regional gaming still disappointing

  • Despite an improving economy, May regional gaming revenues are disappointing – coming in below our projection of flat
  • June may look even worse – we are projecting down 5%
  • Q2 estimates look aggressive for regional companies – ASCA, PNK, PENN, BYD
  • Market saturation and bad demographics should continue to pressure this industry

CHART DU JOUR: IT'S NOT THE ECONOMY, STUPID - sss