• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Studio City 3.6 pct mass table share in Nov: Bernstein

Dec 07, 2015 Newsdesk Latest News, Macau, Top of the deck  


Studio City 3.6 pct mass table share in Nov: Bernstein

Studio City – Macau’s first major new casino resort to open with no junket rooms – generated approximately MOP278 million (US$34.8 million) in casino gross gaming revenue (GGR) for mass table games in November, said a note on Monday from brokerage Sanford C. Bernstein Ltd.

The institution, quoting unofficial industry returns, said it represented a Macau market share for table games play of approximately 3.6 percent in November. Studio City (pictured) – which opened on October 27 at a cost of US$3.2 billion – is 60 percent owned by Melco Crown Entertainment Ltd.

Deutsche Bank Securities Inc had said in a note on November 4, that the 200 mass-market tables that Studio City had at launch represented 3 percent of the Macau market’s table capacity. Studio City is to receive a further 50 tables from the Macau government in January.

Sanford Bernstein added in its Monday analysis that Studio City’s average daily revenue for November was approximately MOP9.3 million, which it said was 1.5 percent lower than the resort achieved in the five days of October that it was operational.

Analysts Vitaly Umansky, Simon Zhang and Bo Wen noted, regarding market wide revenue share for November among the six Macau operators: “At individual company level, Melco Crown was a clear winner, growing its market share to record high level (16.6 percent), principally due to Studio City’s ramp up in its first full month operation.”

The institution said that Melco Crown – which runs VIP gaming at its fully-owned Macau resorts City of Dreams and Altira Macau – had recorded the smallest year-on-year decline in VIP GGR in November of the six Macau operators:  down 33 percent versus a market-wide fall of 42 percent. The Macau government issues the data on the split between the mass market play and VIP baccarat gambling only on a quarterly basis.

“Galaxy and Sands China lost the most market share sequentially on VIP weakness and a relatively high base in October,” added Sanford Bernstein, referring respectively to Macau casino operators Galaxy Entertainment Group Ltd and Sands China Ltd.

Macau’s casino GGR for November fell by 32.3 percent year-on-year to approximately MOP16.43 billion, according to data released on December 1 by the city’s regulator.

Cameron McKnight and Robert Shore of Wells Fargo Securities LLC said in a note on Thursday that according to its “preliminary checks on the ground” December was “off to a slow start… despite new supply”.

They added: “Despite a lot of hype around resilient grind mass demand, we believe grind mass trends, as evidenced by slot demand, was down 6 percent year-on-year in November. This marked the 14th straight quarter of negative slot growth.”


  • tweet
Related articles
  • Melco likely to take on more debt for expansion: Moody’s
    Melco likely to take on more debt for...

    Jan 20, 2021  

  • Investors see 2H Macau gain, rebound 2022: Bernstein
    Investors see 2H Macau gain, rebound...

    Jan 19, 2021  

More news
  • Macau Covid-19 case no bar to mainland travel ties says govt
    Macau Covid-19 case no bar to mainland...

    Jan 22, 2021  

  • Mohegan seeks govt nod to delay Inspire opening
    Mohegan seeks govt nod to delay Inspire...

    Jan 22, 2021  


Latest News

Macau Covid-19 case no bar to mainland travel ties says govt

Macau Covid-19 case no bar to mainland travel ties says govt

Jan 22, 2021  

A newly-confirmed Covid-19 case involving a Macau ID holder brought home on Thursday aboard one of two repatriating flights sanctioned but not chartered by the city’s government, will not put...
Read More
Mohegan seeks govt nod to delay Inspire opening

Mohegan seeks govt nod to delay Inspire opening

Jan 22, 2021  

Half Kangwon Land staff on mandatory leave until Jan 31

Half Kangwon Land staff on mandatory leave until Jan 31

Jan 22, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The entire company is eagerly anticipating the launch of our newest themed destination – The Londoner Macao"

Wilfred Wong Ying Wai

President of Macau-based casino operator Sands China



Most Popular

  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Casino op MGM China to pay most staff discretionary bonusCasino op MGM China to pay most staff discretionary bonus January 18, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Investors see 2H Macau gain, rebound 2022: BernsteinInvestors see 2H Macau gain, rebound 2022: Bernstein January 19, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us