We are now projecting HK$18.2-18.7 billion in total revs for December.
Macau table revenues exploded over this past weekend. Daily run rate was HK$738.3 million per day over the past 5 days, up from HK$533.9 for the first 15 days. It is unclear but likely that high hold played a part in the surge. The recent strength pulls up our full month estimate (including slots) to a range of HK$18.2-18.7 billion, up 65-70% YoY.
Interesting market share shift with MPEL and SJM taking share from LVS. LVS is now back down below its already depressed 3 month average of 17.4%. In contrast, Q4 2009 LVS market share was almost 23%. We will have more market share analysis in an upcoming post. Wynn continues to outperform and hold the 17% level. If it holds, December will be only the 3rd month of the year above 17%. The good news is that one of the others was November which bodes well for a blow out Q4 for the company.
Here are the table revenues through the 20th:
