April may end up at HK$19-20BN
Macau slowed in the past week and we would expect further slowing as we approach the May holidays. As of April 24th, table gaming revenues month to date were HK$15.5 billion. Adding a projection for the last 6 days of the quarter and a full month of slots, we estimate total April gaming will finish at HK$19-20 billion, up 44-52% YoY.
In terms of market share, MPEL lost some share in the past week but is still trending well above its 3-month trailing average. Here are the shares:
