Gaming revenues still on track for 85% YoY growth in May.
According to our contacts on the ground in Macau, preliminary numbers through May 23rd have reached HK$11.9bn, and still look on track to hit HK$16bn for the month of May. So far, there doesn't appear to be any gaming slowdown in sight for VIP volume even though Golden Week has ended. Wynn Macau (HK:1128) and MPEL, our favorite Macau names, continue to retain their share gains from LVS.
Below are the MTD market shares: