Look at quarterlies in LVBP

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.

Author: Dave

Director of the Center for Gaming Research at the University of Nevada, Las Vegas and author of several books, including Roll the Bones: The History of Gaming. Also Gaming and Hospitality editor for Vegas Seven magazine.

6 thoughts on “Look at quarterlies in LVBP”

  1. Part of the problem with the economy is a lot of people simply do not trust the people we elected to run the states we live in, the president and congress. Both democrats and republicans fight about everything and nothing seems to get done. Both parties blame each other and do not seem to have any answers to most problems. Both parties are friends with big business who have outsourced millions of jobs over the last decade. Until some of these problems get resolved (if it does) the United States of America will be on a road to nowhere.

  2. How much of “Vegas” is Privately held?

    With all these leveraged buyouts, going private, going public, or just going, I’ve lost track of whether gaming companies should be viewed as privately held or not.

    A short term view is often imposed by shareholders and security analysts, but is the gambling world really more privately held now? Oh, they may not be totally immune to a focus on the latest earnings but is there not now a greater isolation from scrutiny?

    When Deutsche Bank or Dubain own things, do they ever have to worry about Wall Street’s short term viewpoints?

  3. The one thing that would provide clarity in the numbers reported by Gaming would be breaking down the numbers for each and every casino, the same way they do it in New Jersey for publicly held or privately owned casinos. The casinos there seem to operate just fine with this kind of reporting. So why can’t we lobby for that in Nevada? How about it, Dr. Dave?

  4. Short answer: Because They Don’t Do It That Way.

    With 300+ locations statewide, I can understand why they don’t. It would make the monthly revenue reports pretty unwieldy. I’d love to have access to that data, though. I’m not holding by breath, though.

  5. Hey, they don’t have to publish all the data in a monthly report. Just make it available to anyone who wants to see it! It would spur an entire industry just in sifting the data. Makes sense to me….

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