MACAU STILL TRACKING UP AROUND 40% FOR NOVEMBER

November 40% growth projection unchanged.

Macau table game revenues were HK$14.8 billion through this past weekend.  Including two more days of revenues and a full month of slot revenue, we are keeping our projection of HK$16.2-16.7 billion for November.  This represents 37-41% growth over November of 2009. 

In terms of market share, LVS continues to move higher after a dreadful start, but 15% is still well below recent levels of 19-20%.  Surely, low hold has played a part.  MPEL has moderated following a strong start to the month and is back down to 14.2%.  Wynn’s share is a healthy 16.4%, a run rate they are undoubtedly happy with following the last few months of disappointing market share.

As always, we will have the full breakout (Mass, VIP, slots, etc.) later this week.

MACAU STILL TRACKING UP AROUND 40% FOR NOVEMBER - macau133