Some are excited about a return to growth in August. Time for a look under the hood.
- US gaming revenues (from reporting jurisdictions) increased 5% YoY in August. Even same-store revenues were positive, up 3%.
- However, August received a 2% boost from a very high hold % in Strip Baccarat. Subtracting out Strip revenues (to look at regional type markets), same-store revenue was actually flat in August.
- Moreover, August contained one extra Saturday which likely contributed 2-3% to YoY growth
- The takeaway is that August was actually another weak month overall in US gaming