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