Fitch Gaming Groups' Takeaways From the 2014 G2E in Las Vegas

NEW YORK--()--Fitch attended the 2014 Global Gaming Expo (G2E) in Las Vegas the week of Sept 29th and left feeling more convinced that the long-term story in Macau remains solid while the U.S. regional markets are secularly challenged. We continue to think that gaming supplier consolidation has merits but have concerns about the sub-sector's increased leverage and take a cautious view on the projected synergies, especially among the lottery-slot mergers. We were generally impressed with SLS, The Cromwell, The Linq and the new Monte Carlo and New York-New York facades, all of which emphasize the Las Vegas Strip's movement toward non-gaming revenues.

In '2014 Global Gaming Expo Takeaways' Fitch discusses key takeaways from Fitch's meetings with gaming operators, suppliers and other constituents; various conference panels, and property tours.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: 2014 Global Gaming Expo Takeaways (Takeaways on Hot Gaming Topics and Fitch's Las Vegas Strip Property Tours)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=789489

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contacts

Fitch Ratings
Alex Bumazhny, CFA, +1-212-908-9179
alex.bumazhny@fitchratings.com
or
Michael Paladino, CFA, +1-212-908-9113
michael.paladino@fitchratings.com
or
Colin Mansfield, CFA, +1-212-908-0899
colin.mansfield@fitchratings.com
or
Alyssa Castelli, +1-212-908-0540
Media Relations, New York
alyssa.castelli@fitchratings.com

Contacts

Fitch Ratings
Alex Bumazhny, CFA, +1-212-908-9179
alex.bumazhny@fitchratings.com
or
Michael Paladino, CFA, +1-212-908-9113
michael.paladino@fitchratings.com
or
Colin Mansfield, CFA, +1-212-908-0899
colin.mansfield@fitchratings.com
or
Alyssa Castelli, +1-212-908-0540
Media Relations, New York
alyssa.castelli@fitchratings.com