• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Sands China regains market lead in October

Nov 04, 2014 Newsdesk Latest News, Macau, Top of the deck  


Sands China regains market lead in October

Sands China Ltd, the Macau casino operator controlled by Sheldon Adelson, in October regained top spot for monthly market share of gross gaming revenue (GGR). The operator of the Venetian Macao (pictured) accounted for 23.7 percent of Macau’s GGR last month, up from 21.8 percent in September, according to industry figures compiled by GGRAsia.

Mr Adelson said during the parent firm Las Vegas Sands Corp’s third quarter earnings call that growth in Macau’s mass-market gambling had made up for lower spending by high rollers in recent months. The firm last month reported adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$811.6 million in the third quarter of 2014, up by 3.3 percent from a year earlier.

SJM Holdings Ltd, the company founded by Stanley Ho Hung Sun, was second in the market in October, with a share of 23.4 percent of GGR. Galaxy Entertainment Group Ltd, which grabbed the market lead for the first time in September, saw its share drop to 21.4 percent in October, from 22.9 percent in the previous month.

Melco Crown Entertainment Ltd had a market share of 14.3 percent in October, up from 12.6 percent in September. Wynn Macau Ltd and MGM China Holdings Ltd had 8.9 percent and 8.2 percent respectively of October’s casino revenue.

Macau’s casino GGR for October fell 23.2 percent year-on-year, said the city’s casino regulator on Tuesday. Total revenue from all casino games in October amounted to approximately MOP28.03 billion (US$3.5 billion), compared to nearly MOP36.48 billion in the period a year earlier.

The October GGR decline is the biggest year-on-year monthly drop since the Macau government started to issue GGR data in its current form in 2005.

“We think the market now fully expects October year-on-year declines will be the trough for the year, and subsequent months will have to deliver sequentially better year-on-year declines to meet expectations,” analysts at UBS AG said in a note on Tuesday. “We continue to expect year-on-year declines will improve from October levels, but not materially until late first quarter or early second quarter of 2015.”

Judged month-on-month, the October tally was up 9.6 percent on MOP25.56 billion achieved in September.

Analysts at Union Gaming Research Macau Ltd are now assuming that November and December will see GGR tallies similar in hard numbers terms to September’s aggregate. “We currently expect declines of 16 percent and 24 percent, respectively, to round out the year. This would result in total 2014 GGR down 2 percent to MOP355 billion (US$44.4 billion),” said the research house.

“Our current expectations of December being down 24 percent year-on-year include further disruption to the VIP segment owing to the expected visit of President Xi Jinping to Macau as part of the 15th anniversary celebration of the handover of Macau to China,” Union Gaming added.


  • tweet
Related articles
  • Mainland tour groups to Macau to resume Feb 6: govt
    Mainland tour groups to Macau to resume...

    Feb 03, 2023  

  • Paradise Co January casino revenue jumps  y-o-y
    Paradise Co January casino revenue...

    Feb 02, 2023  

More news
  • Macau early Feb average daily GGR higher than Jan: JPM
    Macau early Feb average daily GGR...

    Feb 06, 2023  

  • Macau tour trade returns at historic areas, resorts says govt
    Macau tour trade returns at historic...

    Feb 06, 2023  


Latest News

Macau early Feb average daily GGR higher than Jan: JPM

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023  

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...
Read More
Macau tour trade returns at historic areas, resorts says govt

Macau tour trade returns at historic areas, resorts says...

Feb 06, 2023  

Cambodia ops to Mar 31 for due tax on non-gaming: report

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The resumption [of mainland package tours] is definitely good news: recovering foot traffic for casinos [in Macau] is really important and their comeback will help with that”

Hoffman Ma Ho Man

Deputy chairman of Success Universe Group, promoter of casino-hotel Ponte 16



Most Popular

  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Cyprus president says Melco CoD Mediterranean to aid nationCyprus president says Melco CoD Mediterranean to aid nation February 6, 2023
  • Macau early Feb average daily GGR higher than Jan: JPMMacau early Feb average daily GGR higher than Jan: JPM February 6, 2023
  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us