Photographer: Jerome Favre/Bloomberg

Sands and Galaxy represented about 45 pct of total gaming revenues in Q1 – Brokerage

Gaming operators Sands China and Galaxy Entertainment Group together represented 45.3 per cent of all gross gaming revenues reported in the SAR for the first quarter of this year, data compiled by Deutsche Bank and cited by newspaper Tribuna de Macau indicates.

A total of MOP23.6 billion (US$2.9 billion) in gaming revenues were reported between January and March, an 8.2 per cent quarter-to-quarter rise, of which Sands represented 24.1 per cent and Galaxy some 21.2 per cent.

However, while Sands market share saw a 2.7 percentage points increase from the previous three month period, Galaxy reported a quarterly drop of 0.7 percentage points.

After topping the ranking for most of 2020, Melco Resorts & Entertainment, the gaming operator now ranked third with a 16.9 per cent in market share.

Wynn Macau maintained fourth place in the ranking with an overall share of 14.5 per cent with gross revenues of US$424 million, with SJM in fifth with 11.7 per cent and MGM China in sixth with 11.6 per cent.

In term of VIP results according to Galaxy represented the largest share with 28.4 per cent, followed by Sands (21.5 per cent), Wynn (18.9 per cent), Melco (14.1 per cent), MGM (9.5 per cent) and SJM (7.6 per cent).

As for mass market results Sands topped the bill with 25.1 per cent), followed by Galaxy (18.3 per cent), Melco (17.9 per cent), SJM (13.4 per cent), Wynn (12.8 per cent) and MGM (12.5 per cent).