NOVEMBER MARKET SHARE ANALYSIS

LVS rebounds but the details should look even better

 

  • Macau GGR grew over 21%, beating expectations once again
  • Hold likely held back LVS share.  Despite what we think was a low VIP hold month, LVS still maintained share trend due to a strong event calendar.  We expect that volume share increased and Mass revenue growth likely led the market in November.
  • Two Alicia Keys concerts and of course the Manny Pacquiao fight likely drove significant Mass gaming and non-gaming revenue growth.  Restaurants and retail was packed the last weekend of the month with some reports indicating 40% retail growth above a normal weekend.
  • A strong events push is proving to be a successful model for Venetian Macau and all of Sands China.  The Rolling Stones will perform in early March 2014 at the Venetian.
  • Wynn’s share uptick may be a result of an initial marketing push but it’s too early to know. We do expect some Mass market share gains at the property in the coming months.

NOVEMBER MARKET SHARE ANALYSIS - smm


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