Following the 3 day holiday and through the 16th, June revenues now look on track for north of HK$14 billion.
Macau table gaming revenues through June 16 came in at HK$7.5 billion. Projecting the current run rate over the remaining 14 days of the month, and adding estimated slot revenues, yields a full month projection of HK$14.8 billion. However, business is likely to taper off following the recent 3 day Chinese holiday so our best estimate is for June revenues of HK$14.0-14.5 billion. While it's not May's 95% growth, 74-80% growth is still very impressive.
In terms of table market share, LVS lost a lot of share over the holiday, down to 19.2% but similar to May's low of 19.4%. Wynn held steady, just below 18% but way up from May's 15.7%. MPEL seemed to do quite well over the holiday, raising its table share from 12.0% to 12.8%, but still below May's table share of 14%.
