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Macau doesn’t disappoint with November YoY growth of 42%.

The month of November finished a touch stronger than expected and total gaming revenues slightly exceeded the top end of our HK$16.2-16.7 projection range.  The following table shows the HK$ total gaming revenue for November for BOTH tables and slots. The market share numbers are for tables only, but slots shouldn’t make a material difference to percentages.  We don’t yet have the breakdown between Mass, VIP, Rolling Chip, and Slots.


We believe that Wynn had an exceptionally high VIP win percentage - greater than 3.4%.  LVS probably held below 2.5%.  MPEL’s share rebounded in the last few days.