The current consensus is for 13%+ GGR in Macau. That is nor disappointing considering the torrid pace of growth over the last couple of years has resulted in a huge base there.
More importantly for LVS growth, the Cotai Center is the big news there and pulling traffic away from the older resorts. Visitation, retail sales, GGR, mass play (better margins than "VIP") in the Cotai Center is being led by the four new resorts opened by LVS over the last 11 months.
Recap: LVS is taking an increasing proportion of a nicely ramping pie, a trend likely to continue for at least the next couple of years as those and the fifth resort under construction now as well as the new retail center coming in Cotai all come on line and then ramp.
The stock is cheap relative to the power of this growth curve and mgmt's shareholder orientation... and their statement yesterday made it clear they are unwilling to tolerate being abused in the press. The stock is ready to lift after this little shakeout on the chart... place your bets.