Macau gaming revenue rebounds in week to April 21

Daily table revenue in Macau is likely to have rebounded in the week from April 14 to April 21 to HK$1.066 billion ($136 million), a 15 percent gain over the prior week according to UBS estimates. That compared with a year-to-date daily run rate of $133 million. “We believe VIP volumes have somewhat recovered from a slow start in April, while robustness in mass revenues continues, with mass market also benefiting from Hong Kong visitors over the Easter weekend,” the firm said. It expects April GGR to be up between 10 and 15 percent year-on-year. Sterne Agee says it expects April GGR to be up between 5 and 10 percent. In terms of market share, UBS says Melco Crown may have improved to 14.2 percent, while Las Vegas Sands was at 22.3 percent.  Galaxy Entertainment came in at 18.6 percent for the month, while MGM Resorts was likely around 9.8 percent. SJM Holdings came in at 24.3 percent and WYNN Resorts stands at about 10.80 percent, UBS says. Sterne Agee has similar market share figures.

 

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