LVS off to another good start
For the first 8 days of September, daily tables averaged HK$924 million, up 17% from the comparable period in September of 2012. Our full month GGR (includes slots) YoY growth projection remains at +15 to 19%. September is a seasonally slower month than August.
It’s way too early to discern any sustainable market share moves but we remain encouraged by LVS’s strong start to the month. On the whole, we expect LVS to continue to gain share. MGM’s share is unusually low to start the month. No doubt, hold is to blame.