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Our Oct GGR forecast revised to $24.5-25.5BN, representing 34-39% YoY growth.

Macau slowed considerably this past week which is to be expected following Golden Week.  Average daily table revenues fell to HK$553 million this past week versus HK$1,085 million during the first 10 days.  We are unsure yet if hold played any role.  Our full month GGR October forecast is now HK$24.5-25.5 billion, which would represent YoY growth of 34-39%.

No unusual market share moves this week other than Galaxy giving up some of its share and MGM gaining.  However, overall market shares look consistent with recent trends.