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Vegas Tourism Still Strong

Both for the month of April and YTD all the meaningful metrics are up for Vegas. Tourists, convention guests, occupancy rates, room rates, auto traffic to Vegas and air traffic. The one negative is a small decrease in gaming revenues but we think that will be off set by results at the Hotels (at least for our $MGM holding, the largest operator on the strip by far). It will be interesting to see how the gaming results vary by operator.

The big boost for $MGM is going to come from the consolidation of MGM Macau results now that the IPO is done.

Vegas Tourism 2011 April YTD (click to open .pdf)

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