LV: WEAK MARCH TAXI TRIPS

04/22/15 12:33PM EDT
  • As seen in the chart below, monthly Strip non-Baccarat drop and NV taxi traffic closely track each other – correlation coefficient of 0.57 and a t-stat of 9.0
  • March taxi traffic declined 5.2% and while the comp was difficult at +10.9%, so was the non-bacc drop comparison, +6.2%
  • Following a strong January when GGR grew 15%, February was weak at –4% and now March is looking potentially lower as well
  • These are not exactly the figures of a ‘strong Las Vegas recovery’

LV: WEAK MARCH TAXI TRIPS - TS

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