76
Gaming
though Galaxy has a slight edge over Wynn. Statistics
compiled by Macau Billions race
Three months from the end of the year and Macau’s casinos have bettered last year’s revenue
surpassed last year’s total take, with a quarter of the year still to come. Macau casino operators earned
T I
MOP15.3 billion (US$1.9 billion) in September, according to data released by the Gaming Inspection and Coor- dination Bureau – up by 39.8 percent year-on-year. In addition to the MOP117.9 billion
taken between January and August, gross gaming revenue has topped last
his year will see a new record for casino revenue. Gross gaming revenue at Macau’s casinos has
year’s MOP119.4 billion in revenues. The total casino gross gaming rev-
enue for the nine months through Sep- tember rose 60.1 percent year-on-year to MOP133.24 billion.
Changing fortunes The fortunes of Wynn Macau continue to change for the worse with the former No 3 sliding to fourth a month ago and now to fi fth on the league ranking of casino gross gaming revenue. Wynn and Galaxy Entertainment both have a market share of about 12 percent, al-
t wasn’t all bad news at Wynn Macau this month; its only property in Macau remains the biggest single generator of
Business reveal that Stanley Ho Hung Sun’s Sociedade de Jogos de Macau (SJM) continues to lead the ranking, with a September market share slightly above 31 percent, followed by Las Ve- gas Sands with a 19-percent share, and with a 16-per cent share, Melco Crown. MGM closes out the list with a 9-per- cent market share. Note that the fi gures are rounded to the nearest unit.
Lower growth ahead The Secretary for Economy and Fi- nance, Francis Tam Pak Yuen, expects to see a slowing in the gaming gross revenue growth rate across the rest of the year. He said it was more realistic to expect an annual growth rate of about 30 percent. Mr Tam’s prediction sits at the
conservative end of the range of pro- jections. The government has tradition- ally maintained conservative estimates. Several gaming operators and industry analysts expect the year’s growth rate to exceed 50 percent. Mr Tam said he believed the growth
of gaming revenue in the fourth quarter would slow since the basis for compari- son was higher. Macau started showing signs of economic recovery from the global fi nancial crisis during the fourth quarter of last year.
Wynn still most profi table property additional tables at Encore an extension of the Wynn Macau property. The Venetian sits in second with MOP13.04 billion in revenue, while StarWorld, which was ranked seventh last year, is third with MOP10.56 billion. City of Dreams has risen from ninth last year to fourth with MOP9.99 billion, followed by the Grand Lisboa (MOP9.47 billion) in the same position as last year. MGM Grand Paradise’s only Macau property, MGM Grand Macau, is sixth on the list with MOP9.14 billion, down from third last year with gross gaming revenues of MOP10.36 billion.
gross gaming revenues in the city. For the fi rst eight months of the year, Wynn Macau’s casino take was MOP17.42 billion (US$2.18 billion), according to fi gures quoted in Portuguese- language newspaper Jornal Tribuna de Macau. Wynn was the most profi table property throughout last year, a lead that is likely to be extended this year with Encore coming online at the start of the second quarter. Local regulators consider the
Gaming Results: Gross Revenue In Million MOP (1HKD:1.03MOP)
18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0
17,075 12,600 12,215 10,943 13,937 11,347 13,445 13,569 14,186 13,642 16,310 15,773 15,302
Sep 2009 Oct 2009 Nov 2009 Dec 2009 Jan 2010 Feb 2010 Mar 2010 Apr 2010 May 2010 Jun 2010 Jul 2010 Aug 2010 Sep 2010 OCTOBER 2010
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