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Average daily revenue per table fell sequentially to HK$711 million, bringing the MTD table revenues to $10.889 billion.  ADTR was only slightly better than last year’s HK$703 million.  We are slightly reducing our forecast range to HK$23.0-24.5 billion, representing YoY growth of -2% to +4%. 

ANOTHER SO-SO WEEK IN MACAU - ff

MPEL and LVS continue to outperform recent trends while MGM is struggling.  We think MGM’s share could continue to be under pressure.

ANOTHER SO-SO WEEK IN MACAU - fff