Table revenues were very strong this past week in Macau averaging HK$868 million per day. Average daily table revenues increased 26% YoY, 10% over the prior week, and was 12% higher than August. We must caution that business typically slows in the last week of September as we approach Golden Week. This year, however, Sands Cotai Central will open Pacific and the Sheraton rooms which could offset some of the seasonal slowdown.
We are raising our full month September GGR forecast to HK$23.5-25.0 billion which would represent YoY growth of 14% to 21%. We continue to be bullish on the Macau stocks.
After a hold impacted start to the month, LVS’s share climbed back towards normal while WYNN moved lower but still way above trend. SJM and MGM are both having above trend months. However, it’s still too early in the month to reach any definitive market share conclusions.