August started out strong and keeps getting stronger. Visitors are pouring into Macau from HK, Venetian may have had its best weekend ever, and the junkets are playing lucky.
Another set of positive nuggets emerging from Macau:
- Huge weekend in Macau
- Hong Kong providing a lot of the visitation
- August has been strong thus far but is getting even stronger
- Venetian may have had its best weekend ever
- Junkets holding very high so far in August
Our sources in Macau indicate that visitation this weekend was off the charts, on top of an already strong August. The casino floors were packed all weekend. The event calendar was strong - as usual recently - including Linkin Park performing at Venetian. Venetian may have had its best weekend ever. It seems that incremental visitation is coming from Hong Kong residents, who don't face visa restrictions, and mainland Chinese tour groups. Anecdotally, August VIP volume was solid but more importantly, junket hold has been through the ceiling. Volume may have been boosted by the visit royal family from United Arab Emirates as one of their jumbo jets was parked at the airport.
Obviously, the recent surge in volume is a big positive for LVS, MPEL, and WYNN. The August numbers look even better considering that August of 2008 was a very strong month (see chart below). Comps ease considerably beginning in September which should make it easy for Macau to continue the positive momentum.