Nov 04, 2015 Newsdesk Latest News, Macau, Top of the deck  
Casino operator Galaxy Entertainment Group Ltd took the largest share of Macau’s casino gross gaming revenue (GGR) in October, according to local media reports. Galaxy Entertainment, founded by Lui Che Woo, moved to a 24.7 percent share in October, up 350 basis points on the prior month.
Macau’s casino GGR for October fell 28.4 percent year-on-year to MOP20.06 billion (US$2.5 billion), according to official data. It was the 17th straight month of GGR retreat measured year-on-year but the best monthly tally for the industry since May.
Sands China Ltd was ranked second for Macau GGR in October, with a market share of 23.1 percent, up by 180 basis points from September. SJM Holdings Ltd, September’s market leader, had 20.6 percent of the market in October, down 110 basis points on the prior month.
A number of investment analysts have suggested that SJM Holdings is likely to continue to lose share until the opening of Lisboa Palace on Cotai in late 2017.
“SJM continues to lose market share, in our view, as new openings take market share from weaker casino properties like Casino Lisboa and SJM satellite casinos,” said analysts of Japanese brokerage Nomura in a note on Wednesday.
SJM Holdings – operator of the Grand Lisboa and Lisboa casinos on Macau peninsula – on Tuesday said its gaming revenue decreased by 37.9 percent year-on-year in the third quarter. SJM Holdings said its gaming revenues accounted for 21.3 percent of Macau’s market in the three months ended September 30, as compared with 22.5 percent in the prior-year period.
Melco Crown Entertainment Ltd was in fourth place in Macau for October GGR with 13.5 percent, a month-on-month fall of 100 basis points. Wynn Macau Ltd was fifth with a market share of 9.3 percent, a month-on-month rise of 90 basis points, followed by MGM China Holdings Ltd with 8.7 percent, down 250 basis points from September.
Jun 02, 2023
Jun 01, 2023
Jun 02, 2023
Jun 02, 2023
Jun 02, 2023
Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
US$8.1 billion
Macau’s casino gross gaming revenue in the five months to May 31