MACAU BUSINESS
It was SJM, however, that gained new life, especially in the period between April and June, re-taking fourth place overall, a spot Melco Resorts and Entertainment had occupied in the first quarter of the year. SJM also came closer to third place, with a total market share of 15.4 per cent of gross revenue. This positive performance by SJM was mostly thanks to mass gaming (15.9 per cent share), while its VIP gaming revenue represented 14.9 per cent of the territory’s total.
In the gaming panorama for the second half of 2018, Melco dropped to fifth position despite its revenue having enjoyed an overall ten per cent increase, in line with the remaining gaming sector. The same data also gives the company driven by Lawrence Ho a market share of 14.8 per cent, with a near balance between mass market (14.3 per cent) and VIP gaming (15.3 per cent). As for MGM China, its results seem to prove the thesis that
late arrivals to COTAI must suffer the consequences. Following the inauguration of MGM Cotai in February 2018 – a process that suffered several delays – the company with the lion logo only managed residual gains (less than one per cent) in terms of its position in the market, although it enjoyed nearly 25 per cent revenue growth, well above average. During the first half of 2018, MGM China’s overall share
grew slightly more than 7.5 per cent, with 8.3 per cent share of mass gaming and 6.7 per cent of VIP gaming.
GAMING Revenues up 2.8 pct y-on-y
in September Gross gaming revenue in the SAR totalled MOP21.95 billion (US$2.7 billion) last month, up 2.8 per cent when compared to the same month last year at MOP21.4 billion, the Gaming Inspection and Co-ordination Bureau (DICJ) revealed. The amount recorded in September represents a 17.3 per cent decrease compared to MOP26.56 billion registered in August. Meanwhile, accumulated gross gaming revenue for the first nine months of the year has totaled MOP224 billion, an increase of 15.9 per cent compared to the same period last year.
Rich Goldman gaming revenues in trouble Rich Goldman Holdings, a local junket operator
formerly known as Neptune Group, reported its gaming revenues had dropped 69.09 per cent year-on-year to HK$91.3 million (US$11.7 million) due to termination of two contracts with Venetian Macau Limited last year. The company announced in May 2017 that Venetian Macau Limited had terminated agreements with Hou Wan Entertainment Company Limited to operate ten VIP tables at Sand Macao and Hao Cai Sociedade Unipessoal Limitada to operate 14 VIP tables at the Venetian. According to a release on the Hong Kong Stock Exchange (HKEX), revenue for all categories fell 56 per cent year-on-year to HK$130.5 million.
Cotai continues to expand Cotai will continue its facilities and revenue
expansion but casinos on the Macau Peninsula will not stop attracting clients, of a different taste, to its older venues. Although revenue from integrated resort operations on the Strip currently account for some 60 per cent of the total gross gaming revenue of the city, casinos on the Peninsula, both from an old and new gaming era, are not lagging behind. “The reality is that while the Macau Peninsula has seen its share of GGR decline relative to Cotai, it is experiencing growth in revenues,” Grant Govertsen, Managing Director at Union Gaming told Macau News Agency (MNA).
22 NOVEMBER 2018
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