Wynn jumps to second in gaming revenue ranking
Steve Wynn’s gaming operator grabbed a 17 % market share, while rival Sands dropped to 15 percent from the previous month. Wells Fargo analyst Carlo Santarelli said Sands China suffered from some bad luck.
Lawrence Ho’s Melco Crown Entertainment was marginally behind with a market share slightly below 15 %. At the head of our rankings is Stanley Ho Hung Sun’s Sociedade de Jogos de Macau. Their November market share sat at 31 %.
MGM Macau was fifth, with a market share of about 11 %, followed by Galaxy Entertainment Group that closed out the ranking with a 10% market share. Macau’s casino gross gaming revenue reached us$ 2.17 billion last month.
This represents a yearly increase of 42.1 %, according to data released by the Gaming Inspection and Coordination Bureau. This was the second-highest monthly total, exceeding analysts’ expectations. “Gaming activity picked up later in the month after the Grand Prix weekend,” CLSA analyst Huei Suen Ng said in a note to clients.
Ms Huei said gambling revenue for 2010 was likely to rise 56 % over. Mr Santarelli forecasts casino gross gaming revenue will grow 38.6 % year-on-year in December.
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