Broken Record - Macau Strong Again
Macau continues to defy expectations. Daily table revenues (ADTR) averaged HK$775 million this past week, in-line with the month to date average. With over half of the month in the bag, we are narrowing our full month forecast range to HK$24.5-25.5 billion, up 26-31% YoY. This past week’s ADTR was 24% higher than the same week last year.
MPEL and WYNN made the biggest up moves in market share this past week, mostly at the expense of SJM and MGM. Relative to recent trends both MPEL and WYNN are higher while LVS is trending below.