AC nosedive accelerating

[Jimmy The Fish]

Maybe everyone already gets this, but just in case...

A statement of year-over-year decline in gross revenue does not shed any real light on year-over-year profitability. Revenue is only one part of the profit equation; expenses, depreciation, taxes, interest (both accrued and owed), potential liabilities (lawsuits, employee pensions, union strikes, state government shutdowns, etc.) and other categories also must be taken into account.

A leap of logic from "revenue is lower than a year ago" to "the casinos are in a nosedive" is fallacious. The OP needs to bring more data to the table if he wants to make his case.