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Upping forecast to 3-9% growth for September


As expected, average daily table revenues dropped off considerably following Golden Week, but is still up 20% over last year.  We are now projecting YoY GGR growth of 3-9% for the full month of October.  Remember that October of 2011 was a monthly record and up 42% over October 2010.  Hold was also above normal last year.  This is a much more difficult comparison than either November or December so we are expecting sequentially accelerating growth. 

MACAU SOFTENS POST GOLDEN WEEK - gg

For market share, MPEL, Galaxy, and LVS seem to be enjoying the strongest month relative to trend.  WYNN recovered somewhat but still remains well below trend.  MGM has also lost share.

MACAU SOFTENS POST GOLDEN WEEK - gg2