If we utilize the three-month (July, August and September) daily average of us$ 99.7 million for the remaining days of October, the month would end at us$ 3.51 billion or up by 7 percent year-on-year, inclusive of slots,” analyst David Bain wrote. That would be a new monthly record for Macau’s casino industry.
According to Mr Bain, SJM Holdings continued to be the casino gross gaming revenue market leader during Golden Week, with a share of 26.3 percent, versus its full September share of 27.2 percent.
Galaxy Entertainment Group was significantly better off in the first seven days of October, with a 21.9-percent share. In September, its share stood at 18.1 percent, according to Mr Bain. Another winner was Sands China, with a 20 percent market share during Golden Week, up by 2.3 percentage points from its full September market share.
The biggest share loser was Wynn Macau, dropping from a stake of 12.9 percent in September to 8.8 percent during Golden Week. MGM China Holdings also saw its figures go down by 0.9 percentage points to 8.9 percent.
Melco Crown Entertainment also dropped: it had a market share of 14.1 percent during Golden Week, below the 14.3 percent it recorded for the whole of September.
“We believe most early market shifts versus the full September results stem from hold variances,” Mr Bain wrote. “However, as mass gross gaming revenue continues to outpace VIP, those property portfolios with the highest weighting to mass and exposure to Cotai should outperform.”
