Macau | Sands and Galaxy generated almost half of local gaming revenues - Bernstein

According to a Sanford C. Bernstein report gaming operators Sands China and Galaxy Entertainment Group were responsible for 46 per cent of the total gross gaming revenues generated in Macau in the first three months of the year

Macau (MNA) –  Gaming operators Sands China and Galaxy Entertainment Group (GEG) held some 46 per cent of the total in gross gaming revenues produced in Macau in the first three months of this year, according to a Sanford C. Bernstein report cited by Portuguese newspaper Tribuna de Macau.

Between January and March of this year some MOP76.75 billion in gross gaming revenues were generated in Macau, a 20.5 per cent yearly rise from the same period of last year.

VIP gross gaming revenues increased 21 per cent year-on-year in the first three months of 2018 in the Macau SAR to MOP42.95 billion, with mass market rising 20 per cent to some MOP33.79 billion, according to Gaming Inspection and Co-ordination Bureau (DICJ) data.

According to the report, Sands held 23.1 per cent of total gaming revenues between January and March, with Galaxy holding 22.9 per cent, followed by Wynn Macau (16.1 per cent); Melco Resorts (15.1 per cent); SJM (15 per cent) and MGM China (7.8 per cent).

Sands China recorded some HKD17 billion in the first three months, some 20 per cent in yearly increase, but with market share not changing much from last year due to the strong results by Galaxy, which saw a 32 per cent year-on-year rise to HKD16.69 billion.

According to the report, Galaxy’s growth has been powered mainly by its positive results in the VIP sector, with group holding 28.6 per cent of the VIP market revenues, the highest of the six operators.

Galaxy was then followed by Wynn (19.1 per cent) then Melco (15.5 per cent); Sands (15 per cent), SJM (14.2 per cent) and MGM (7.6 per cent) in VIP sector market share for this period.

That position was then reverted when it comes to the mass market ranking, with Sands China holding 30.2 per cent of market share in the first quarter, followed by Galaxy (17.8 per cent); SJM (15.7 per cent); Melco (14.9 per cent); Wynn Macau and then MGM (8 per cent).

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