October in review – holy moly!
Sorry it took us so long this month to get around to analyzing the October gaming numbers in closer detail. There are some trends that really jump out, as we will try to explain with the attached graphs below.
The first was the jaw-dropping turnover numbers. Who could ever have imagined that SJM would do MOP 90 billion in rolling-chip sales for a month? But far more spectacularly, who could have forecast an 80 per cent month-on-month increase in volumes at the three Sands China properties, pulled by a near-vertical takeoff at the Venetian? This is a group that publicly has shown nothing but disdain for the junkets. And here they are, doing as much in VIP volume as Melco-Crown, on a win-hold percentage that brought in nearly 50 per cent more revenue than their Cotai neighbor!

