Preliminary information compiled by Macau Business reveals Galaxy Entertainment Group continues to see its market share expand since opening its Galaxy Macau resort in Cotai. From an April market share of 9 percentage points, Galaxy reached a market share of almost 19 percent in July and is now second in the gross gaming revenue rankings. Stanley Ho Hung Sun’s Sociedade de Jogos de Macau (SJM) maintained its lead last month, enjoying a 28 percent market share. SJM’s lead has been narrowing for the past two months. Melco Crown had a 16 percent market share, followed by Wynn Macau, with a July market share around 15 percent. Sands China is ranked fifth, with a 14 percent market share. MGM China closed the list with its share hovering around 8 percent. Following yesterday’s official announcement that casinos in Macau posted a 48.4 percent year-on-year increase in gross gaming in July, recording a figure of MOP24.212 billion (US$3.0 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 percent. Union Gaming Research Macau analyst Grant Govertsen raised his estimates to 40 percent. Total casino gross gaming revenue for the first seven months of the year was up 45.2 percent year-on-year to MOP148.34 billion.
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