BUSINESS AS USUAL IN MACAU

It was business as usual this past week in Macau, with table revenues coming in just a touch softer than our projections.

Table revenues for the first half of November continued to come in line with our estimates.  ADTR was down 5% WoW to $886, but still up a healthy 14% YoY.  We took our full month GGR projection down a touch to 16-20% YoY growth.  

This week, Galaxy was the big share gainer while SJM gave back the most share.  Month-to-date, MPEL and MGM are tracking well above their trailing 3 month share while SJM and LVS are trending below.

BUSINESS AS USUAL IN MACAU - tab1

BUSINESS AS USUAL IN MACAU - tab2