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Takeaway: One month doesn’t make a trend, but a slightly positive Base Mass data point emerges among mostly negative trends

  • While it may not pass the statistical level of significance, posted Base Mass table minimum bets seemed to move a little higher in July as can be seen in the first chart below. This represents the first positive move on the Base Mass side in a year for this dataset
  • We view table minimum bet levels as a pricing mechanism set by the casinos to respond to or entice demand
  • The data is observed so it is not perfect. As such, we would caution investors into reading too much into one data point. Rather, it is more prudent to wait for confirmation in August and September
  • Unfortunately, the rest of the data is negative. Premium Mass minimum bet levels confirmed the year-long segment trend again in July as did observed average bet levels for both Premium and Base Mass segments (seen in the 2nd chart)

MACAU MINIMUM BET LEVELS UPDATED - macau 1MACAU MINIMUM BET LEVELS UPDATED - macau 2