International edition
September 23, 2020

SJM Holdings continued to be the market leader

Galaxy Entertainment back to second place in Macau

(Macau).- Galaxy Entertainment Group recovered its second spot in the casino gross gaming revenue market share ranking in August, reporting a 21 % piece of the pie. The company had temporarily dropped to third in July, with a market share of 19 %, according to figures provided to Business Daily by industry sources.

I

n the opposite direction, Sands China dropped to third, with its market share decreasing to 19 percent in August, from 22 percent the month before.

SJM Holdings continued to be the market leader, with a steady market share of 26 percent. In the bottom half of the ranking, Melco Crown Entertainment’s market share also remained steady at 13 percent. Wynn Macau reported a 1-percentage point increase month-on-month to 12 percent. MGM China Holdings also recorded a 1-percentage point increase, to gain a 10-percent market share.

Macau casinos took in us$ 3.3 billion in August, up by 5.5 percent over the same period last year. Official figures released by the Gaming Inspection and Coordination Bureau show that August was the second best month ever for the casino industry.

Investment bank Credit Suisse said it expects casino gross gaming revenue for September to go up by 10 to 12 percent. The city’s casinos recorded gross gaming revenue of us$ 2.6 billion in September last year. Bank of America Bank of America Merrill Lynch expects September revenue to gain 10.6 percent year-on-year.

“We believe that gross gaming revenue growth in September could be in the low-teens, driven by still-strong trends on the ground, along with a favourable calendar (one extra weekend day as compared to last year) and potentially a favourable weather comparison (one Signal 8 typhoon last year),” Union Gaming Group wrote this week in a clients note.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook