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U.S. Gaming Industry Is On Pace For Mid-Single-Digit Revenue Growth In 2006 Jun 06
Standard & Poors, June 2006
Abstract
The U.S. gaming industry remains on pace to achieve mid-single-digit revenue growth this year, despite consumers facing pressure from higher interest rates and energy costs, and a moderating housing market. Gaming companies generally performed well in the first few months of 2006, spurred by a U.S. economy that expanded faster than most had predicted. Our full-year growth expectation is supported by the pace of gaming revenue growth in several key markets during the first few months of 2006 (see table 1). Las Vegas, in particular, had good results during the first few months of the year. Gaming revenue through March was up more than 15% from last year, and room rates were up more than 13%, according to the Las...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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