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