MACAU/LV CORRELATIONS DON’T HOLD UP

Chart of the Day:  Statistics cloud recent speculation that Vegas is benefiting from weak Macau VIP

  • Contrary to a recent assertion, we found very little correlation between VIP volume in Macau and Baccarat volume in Las Vegas
  • In fact, the weak correlation is actually positive which makes it unlikely that Las Vegas is benefiting from the weak Macau VIP volumes
  • Weakness in Macau VIP appears to be secular to that market while Vegas continues its rebound

MACAU/LV CORRELATIONS DON’T HOLD UP - hh