Average daily table revenues jumped 45% from the comparable period last year and 39% week over week. We are moving our full month GGR projection to YoY growth of 16-20%. We remain very bullish on Macau over the near and long term. July looks to be another excellent month, due in part to a very easy comparison, which should keep the momentum going.
We are hearing the strength was broad based: while VIP hold percentage was likely high, both VIP and Mass volumes were strong. The rising tide lifts all boats but Galaxy and MGM Macau are performing particularly well this month. MPEL and MGM remain our top picks in the gaming sector.