MACAU TABLE REVS THRU SEPT 26TH

Taking into account the number of weekend days versus weekdays and adding in estimated slot revenues, we project September will come in around HK$14.9 billion or +40% YoY growth.

Macau generated HK$12.5 billion in table gaming revenues through September 26th, implying +40% YoY growth for the full month of September, per our projections.  Market share trends remained consistent with last week:  MPEL and MGM above recent history and Wynn well below.  We are hearing that rolling chip hold percentage remains low at Wynn and MGM and high at MPEL.  The junket market continues to get more aggressive, mostly in the form of commission advances.  MGM and MPEL, on the margin, are most aggressive while LVS also appears to be extending terms for commission advances.  We will be writing more about this shortly.

Below are the September month to date table gaming revenues in Macau through the 26th.

MACAU TABLE REVS THRU SEPT 26TH - macau333