SJM moved back into the lead in Macau revenues last week after giving way for the first time to another company – Las Vegas Sands – in the previous week.
Meanwhile, growth continued at a rapid 18 per cent pace and is on track to reach around $3.8bn or slightly below the all-time March record.
The slight downshift from last week’s 20 per cent growth caused several analysts to revise their projections for the full month.
David Bain of Sterne Agee and Cameron McKnight say the month will end up 17 to 19 per cent. Last week they saw the possibility of 20 per cent growth.
Growth in daily win should be softer in the coming weeks ahead of the Mid-Autumn Festival, McKnight added. Phoebe Tse of Barclays said that mass-market revenue remains strong, but the VIP likely saw more normal hold rate than the previous week.
