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MACAU BUSINESS


Billions race T


his year will see a new record for casino revenue. Gross gaming revenue at Macau’s casinos has surpassed last year’s total take, with a quarter of the


year still to come. Macau casino operators earned MOP15.3 billion (US$1.9 billion) in September, according to data released by the Gaming Inspection and Coordination 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 year’s MOP119.4 billion in revenues. The total casino gross gaming revenue for the nine months through September rose 60.1 percent year-on-year to MOP133.24 billion.


Three months from the end of the year and Macau’s casinos have bettered last year’s revenue


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 fifth on the league ranking of casino gross gaming revenue. Wynn and Galaxy Entertainment both have a market share of about 12 percent, although Galaxy has a slight edge over Wynn. Statistics compiled by Macau 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 Vegas Sands with a 19-percent share, and with a 16-per cent share, Melco Crown. MGM closes out the list with a 9-percent market share. Note that the figures are rounded to the nearest unit.


Lower growth ahead The Secretary for Economy and Finance, 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 projections. The government has traditionally 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 comparison was higher. Macau started showing signs of economic recovery from the global financial crisis during the fourth quarter of last year.


24 NOVEMBER 2010


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