• It's Here!

    Etf Pro

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

  • It's Here

    MARKET EDGES

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

We're forecasting Las Vegas Strip revenues to increase 8-12% in November but no growth in December

  • A strong rebound in NV taxi trips (+10% YoY) suggests higher Vegas visitation and growth in table volume in November
    • NV taxi trips has a 0.86 correlation with LV visitation and a 0.60 correlation with non-baccarat table volume
  • Non-baccarat table volume also had a below average win rate of 10% last November (2-yr average:  12.3%)
  • McCarran airport passenger traffic was flat in November
  • Strong Vegas table business should offset continued weakness in slots in November
  • We're currently predicting a flat December for Vegas revenues.

LV: TABLES SHOULD LEAD THE WAY IN NOVEMBER - STR