Macau | Sands China and Galaxy with 46.3 pct of local gaming market share in Q1-Q3

Sands China and Galaxy Entertainment Group were almost equal in at the top gaming market share in the first nine months of this year, occupying a joint 46.3 per cent share of the market

Macau (MNA) – Sands China and Galaxy Entertainment Group (GEG) were almost equal in at the top gaming market share in the first nine months of this year, a Deutsche Bank report cited by newspaper Tribuna de Macau indicated.

According to the report, between January and September Sands China gaming revenues represented 23.2 per cent of the total with GEG accounting to 23.1 per cent, with the two gaming operators representing almost half of all gaming revenues from the sector.

Sands China managed to overpass GEG in the third quarter of the year, after seeing its overall revenues going up 15.6 per cent year-on-year in that period, as GEG registered a 6.3 per cent jump.

In the first nine months of the year the company headed by Sheldon Adelson registered a 19 per cent yearly increase in revenues to around MOP51.9 billion (US$6.4 billion), with mass market being the main contributor to the increase and the group occupying almost a third of the local gaming mass market share.

Meanwhile GEG recorded some MOP51.8 billion in revenues between January and September, a 32.3 per cent year-on-year jump, with the group headed by Francis Lui representing 28.1 per cent and 18.8 per cent of the VIP and mass market local revenues, respectively.

After GEG and Sands China, Wynn Macau represented 16.2 per cent of the city’s gaming sector revenues, followed by SJM (15.3 per cent), Melco Resorts (14.6 per cent) and MGM China (7.6 per cent).

The VIP sector market share ranking for the first nine months is as follows: GEG (28.1 per cent), Wynn (19.9 per cent), Sands China (15.4 per cent), SJM (15 per cent), Melco (14,8 per cent), MGM (6.8 per cent).

Meanwhile the ranking for mass market in the same period sees Sands China at the top (29,9 per cent) followed by Galaxy (18.8 per cent), SJM (15,7 per cent), Melco (14.3 per cent), Wynn (13 per cent), MGM (8.3 per cent).

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