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June GGR forecast of 17-22% YoY growth

Macau had another strong week, generating average daily table revenues of HK$756 million.  Our full month June forecast is now for GGR of HK$23.5-24.5 billion or 17-22%.  We believe YoY growth at this level should inspire investors following the single digit growth of May.

MACAU AND LVS DEFYING THE SKEPTICS - MACAU111

As we expected, LVS continues to gain market share.  While 19.8% might not be sustainable over the near-term, it is representative of the longer term share we expect out of the company and certainly better than the 17% generated in the months prior and after the opening of Sands Cotai Central.  

MACAU AND LVS DEFYING THE SKEPTICS - macau333