BIG MARCH ON THE STRIP

We’re projecting a +15-20% increase in Strip gaming revenues for March

Based on strong airport traffic and a high number of taxi trips – both statistically significant in driving gaming revenues – March may have been a blockbuster.  Moreover, some pent up Baccarat demand could’ve favorably impacted the high end along with potentially above normal hold percentage.  In total, we’re projecting YoY GGR growth of +15-20%.  For the first 2 months of the quarter combined, GGR as reported by the State of Nevada fell 12%.  Adding our +15-20% projection for March, GGR will have fallen only 3-4%.  Tables should lead the way in March as we only project flat slot volume.  Here are our projections:

BIG MARCH ON THE STRIP - 12