MACAU ON TRACK FOR 10% GROWTH

Daily table revenues averaged HK$996 million this past week in Macau, up 13% over the comparable period last week.  That brings month to date ADTR down to HK$1,045 million, up 8% over last year's.  Our full month GGR growth projection remains at +9-12%.  It seems as if hold is fairly normal thus far in March.  We would caution investors that YoY growth in April will likely fall in the low double digit range as well, assuming normal hold.

Market shares were fairly in line with recent trend except for Galaxy well above, and MPEL below.

MACAU ON TRACK FOR 10% GROWTH - m1

MACAU ON TRACK FOR 10% GROWTH - m2