MACAU SLOWS SLIGHTLY

With table revenues at HK$8.0 billion through the 15th we are now projecting HK$17.0-17.5 billion in total revs for the full month of December. 

Our new projection range represents YoY growth of 55-60% - still strong but a slight slowdown from the first 10 days of the month.  Our projection takes into account slot revenue and the number of weekend days and weekdays.  Market shares are shown in the table below.  We continue to highlight Wynn’s impressive bounce back in market share and MGM's elevated share.  We think both will continue.

MACAU SLOWS SLIGHTLY - macau34