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LVS, WYNN GAIN SHARE IN MACAU

We have preliminary numbers that show April was up 70%+. WYNN (Encore helped) and LVS looked to have gained share sequentially at the expense of SJM and MGM.

We’ve got preliminary market revenues and market shares for the month of April in Macau.  We don’t yet have the Rolling Chip and Mass and VIP revenue breakdown but should have that shortly.

Our numbers show that total Macau table revenues were almost HK$13.3 billion.  Adding in HK$650-700 million of projected slot revenue gets us close to HK$14 billion, up over 70% year-over-year.  Seems like the MPEL guys were right.

Turning to market share, it was a big month for LVS and WYNN.  WYNN benefitted from 7 days of Encore.  MGM was a disaster, posting its lowest market share since February of 2009.  Of course, we don’t know who held well and who didn’t but we should soon.  Here is the breakdown:

LVS, WYNN GAIN SHARE IN MACAU - chart2