Macau visits improve in November

• Visits to Macau increased 15% Y/Y in November, according to the Statistics and Census Service.
• The number of visits from Mainland China rose 28%.
• Visits from South Korea increased, while visits from the U.S., Hong Kong, and Taiwan were lower.
• The average length of a visitor stay was down 0.1 day to 0.9 day on a rise in day-trippers.
• YTD Macau visits +8% to 28,985,562.
• Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.