Analysts check out activity along the Las Vegas Strip, and more…

Jun 27, 2011 10:29 AM

If you want to know what is going on, the best way to do it is to put on those hiking boots and make personal visits to gaming establishments. That, according to Business Insider, is what a pair of analysts – Shawn Kelley and Vincent Zahn of Bank of America – decided to do.

So, what did they find?

Physical properties in local markets are doing surprisingly well but the promotional environment is challenging. There is almost no customer loyalty and any improvement would hinge on efficiency rather than changes in the consumer, Business Insider Mamtar Badkar reported.

As for the Strip’s bigwigs, Wynn Resorts, Cosmopolitan and Caesars Palace are gaining from better pricing, as some of the properties have reported, but not from occupancy.

And, whatever happened to the Asian baccarat players, whose impact on property results have been so formidable? They’ve disappeared, or maybe it’s just that they are less active this June.

Showing a major presence is International Game Technology whose been placing its IGT winners, such as Wheel of Fortune, all over the place.

Well, that’s the impressions gained on a three-day visit by the analysts, anyway.