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The first week of November averaged HK$562m per day in table gaming revenues and currently is on track for HK$17.0-17.5bn in total gaming revenues including slots. 

It’s only one week of data and we don’t know the hold percentage but if current revenue levels continue, November would be up 43-47%.  At that rate, we would view November as more impressive than October because:  1) November didn’t contain a Golden Week, 2) November is seasonally slower, and c) the November comparison is much tougher than October.  As a reminder, November gaming revenues were up 60% in 2009.

The market share numbers are shown in the table below.  Obviously, LVS looks very low (usually between 19% and 20%) and Wynn and MPEL are very high.  We assume hold played a big role in those market shares so we’d expect them to moderate.  What is clear is that MPEL’s jump in market share the last 4 months looks sustainable.

HUGE 1ST WEEK OF NOV IN MACAU - NOV