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Sands China Ltd. Message Board

  • abcsurfnet abcsurfnet Oct 3, 2013 4:11 AM Flag

    Macau Sep gaming revenue MOP29B, topping forecast

    Macau Sep gaming revenue MOP29B, topping forecast
    10/03/2013

    According to the Gaming Inspection and Coordination Bureau of Macau, revenue from games of fortune rose 21.4% yearly in September to MOP28.963 billion, beating market expectation of MOP28.5 billion.

    Gaming revenue in Jan-Sep jumped 16.7% year-on-year to MOP260.632 billion.

    Sentiment: Strong Buy

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    • The biggest question on my mind (besides the still unknown GGR market shares for Sept.), is how much of the cancelled visitation from the autumn festival, due to the Typhoon, was re-scheduled for golden week or other dates in October?

      As a rule, tour group weather-related cancellations are made up over 75% of the time. IVS bookings much less often, since they are generally more spurious.

      Bottom line: October is widely expected to be a record gaming month in macau, but the pile on effect from the Typhoon, and a repeat of the after-golden-week VIP surge that we saw in May, could make October a lot better than great for business.

      Spok

 
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