NOVEMBER STILL RED BUT BETTER THAN MODELED

12/20/13 01:30PM EST

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 

NOVEMBER STILL RED BUT BETTER THAN MODELED - ss


© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.