Macau: Slowing But Still Strong

Takeaway: Gaming revenues in Macau should reach record levels in October.

With October just about to go in the books, Macau’s gaming revenues for the month should squeak out a gain compared to some tough comps and should reach record levels, according to Hedgeye’s Gaming, Lodging and Leisure research team.

The team also says it still believes that double-digit year-on-year growth could resume in November and December for two key reasons: easier comparisons and the Beijing government handover.  

Below is a chart that shows average daily table revenue for the last few months.

Macau: Slowing But Still Strong - macauchart