END OF JULY SLOWDOWN IN MACAU

July table revenues rose to HK$14.8 billion. Adding in slots should yield full month revenues of around HK$15.5 billion, up 67% YoY, but down from the 75% pace we had expected just last week.

 

 

The last week of the month slowed markedly since through the first 25 days. July’s revenues were tracking up 76% as we noted in our 7/26 post but will end up "only" 67%.  Whether the slowdown was volume or hold related, we won’t know until we get the full details.

 

The only meaningful changes in market share from our 7/26 post is that Wynn lost another 100bps and MGM dropped below 7% again.  MPEL actually increased share 20bps from an already strong 14.4% through the 25th. 

 

Here are the table revenues for the full month of July in Macau in HK$.

 

END OF JULY SLOWDOWN IN MACAU - chart1


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