Galaxy market share up in July
Stanley Ho Hung Sun’s Sociedade de Jogos de Macau (SJM) maintained its lead last month, enjoying a 28 % market share. SJM’s lead has been narrowing for the past two months.
Melco Crown had a 16 % market share, followed by Wynn Macau, with a July market share around 15 %. Sands China is ranked fifth, with a 14 % market share. MGM China closed the list with its share hovering around 8 %.
Following the official announcement that casinos in Macau posted a 48.4 % year-on-year increase in gross gaming in July, recording a figure of us$3 billion, two analysts revised their full year estimates for the industry.
RBS analyst Philip Tulk revised his projection for Macau’s 2011 gross gaming revenue growth to 45 %. Union Gaming Research Macau analyst Grant Govertsen raised his estimates to 40 %. Total casino gross gaming revenue for the first seven months of the year was up 45.2 % year-on-year to us$ 18.2 billion.
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