LV: TABLES SHOULD LEAD THE WAY IN NOVEMBER

12/27/13 11:00AM EST

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

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