Our expectations for 36-40% revenue growth in January remain unchanged.
Another decent week in Macau as gross table gaming revenues came in at HK$14.0 billion through the 23rd. Using this figure and what we expect will be a slightly slower last week in January heading into the Chinese New Year celebration, we continue to project full month gross gaming revenues (including slots) at HK$18.5-19.0 billion, up 36-40% YoY.
In terms of market share, Wynn lost more share – we are hearing it's totally hold related – while LVS continues to track in-line with its 3 month depressed share of 16.5%. MPEL experienced a huge jump from last week’s month-to-date share of 11.7%. MGM gave up some of that share, dropping 140bps since our last update.
