March is off to a bang with average daily table revenues (ADTR) up 34% YoY for the first 10 days. The numbers are skewed higher a little because the period contains 2 weekends of data. We are upping our full month forecast from 10-15% growth to +12-17%. Our initial growth projection was based on historical sequential seasonal patterns and an easy hold comp over last year.
The word around town is that hold percentage is likely running higher than normal. We had received reports last week that traffic on the Mass floors was a little light. ADTR is likely to moderate the rest of the month.
SJM outperformed to start the month mostly at the expense of Wynn. The other operators are tracking fairly close to recent trend.
