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Divergence continues – but only in Mass

  • New Cotai properties have driven considerable divergence in YoY growth in both Mass and VIP
  • However, the VIP divergence has been short-lived.  Peninsula VIP volume growth is approaching Cotai VIP volume growth despite the fact that the market will not lap the opening of Sands Cotai until April 2013
  • New properties are still driving engine behind the Mass market growing above mid teens

CHART[S] DU JOUR: COTAI VS PENINSULA - v

CHART[S] DU JOUR: COTAI VS PENINSULA - c2