“Gaming revenues in the first 14 days of October imply MOP35.5- 36.5bn for the month, or up ~28-31% YoY vs. consensus of ~18-22%. Mass headcount and play levels remain strong, which we think should continue. We estimate mass table revenues could be up 45-47% YoY for the month, which is just above recent trend of 30-32%. We estimate VIP revenues could be up 22-27% for the month, according to a Nomura note posted by Barron’s. RBC Capital Markets estimates Macau gaming revenue will rise 28%-30% this month on a year-over-year basis, reaching a new record.
Good news for an ETF that allocates more than 24% of its weight to China, which really means Macau. Three of BJK’s top-10 holdings are direct Macau plays.
Market Vectors Gaming ETF
ETF Trends editorial team contributed to this post.