Charts & Bullets: Better than bad for the regionals in November but December could be ugly
- Assuming Mississippi revenues come in line with our projection for November, SS revenues for the mature regional gaming markets would be down -1% vs our projection of -3%. The outperformance was mainly due to Louisiana which reported a 2% gain in SS revenues.
- The November “beat” offsets the October “miss” relative to our model
- Illinois was the only laggard as that market was adversely impacted by tornados
- Based on our projection below, December may surprise investors on the downside
