I’ve got another LVBP column up, in which I discuss whether looking at Nevada’s gaming numbers by quarters can yield any insights:
The financial quarter is a handy time measure for evaluating the Nevada gaming industry’s recessionary progress. Three months is long enough to absorb monthly volatilities, but not as long as a year. Looking at how different areas of the state have fared over the past three years may be the best way to forecast what will happen over the next three years.
via Las Vegas Business Press :: David G. Schwartz : Strip offers hope for recession-weary Nevada.
No matter which way you slice it, Las Vegas just isn’t looking very good right now. As much as I pooh-poohed analysts who offered sunnier outlooks earlier in the year, they might have been right in the short term, though it’s possible that we’re headed back down.
It’s really hard to use history to handicap the near future, but looking at these quarterly results really demonstrates the magnitude of the recession.