HUGE LAST WEEK LEADS TO BIG MONTH IN MACAU

Total gaming revenues up 67% in December.  Market shares similar to last week.

 

 

Macau finished December very strong.  Total gross gaming revenues were HK$18.3 billion, up 67% YoY and 9% sequentially.  We don’t yet have the complete property breakdown (Rolling Chips, VIP, Mass slots) but market shares are presented below:

 

HUGE LAST WEEK LEADS TO BIG MONTH IN MACAU - share

 

Market shares were very similar to what we reported last week.  Wynn and MGM continue to roll with shares well above their trailing 3 month average.  LVS at 16.4% fell a full 100bps sequentially from its 3 month average, and 530 bps YoY.  LVS grew its gaming revenues 26% YoY, pretty good on an absolute basis, but below the market growth of 67%.  This trend will likely continue throughout 2011.

 

Outside of the market share shifts, what was most interesting about the month was the second half strength.  The following chart shows weekly revenue per day averages.

 

HUGE LAST WEEK LEADS TO BIG MONTH IN MACAU - dailyrevs