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
