MACAU BUSINESS J June reports worst gaming results in 2021
une has ended with a total of MOP6.5 billion (US$817 million) in gross gaming results, the worst monthly result in the SAR this year so far and a 37.4 per cent drop from the previous month. This is the worst monthly result reported since November,
2020 when the city’s main sector was still reeling from the pandemic. A string of locally transmitted Covid-19 cases in Guangdong starting from the end of May has led to reinforcement in cross-border
restrictions and requirements, including a 48-hour valid negative nucleic acid test result, which has again reduced the number of tourists reported in Macau. A total of MOP49 billion in gaming results was reported in the
first six months of this year, a 45.4 per cent year-on-year rise, but in comparison to a 2020 with record low gaming results as a result of the pandemic.
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Macau SLOT net profits drop by 37pct y-on-y in 2020
ottery and sports betting concessionaire Macau SLOT Co. Ltd. reported a total of MOP96 million (US$12.1 million) in net profits for 2020, a 37 per cent drop from the previous year, its latest financial report indicates. The company attributed the decrease mainly to the suspension
of worldwide sports leagues after the Covid-19 pandemic outbreak. ‘Our company, in addition to cooperating with the respective
government policies, also adhered to our customer preferences in order to improve different services to meet the needs of each customer,’ President Ng Chi Sing says in the report.
‘Concerning future perspectives, we remain committed to the
improvement and search for more diversified products and types of sports betting to satisfy our customers’ needs. In dealing with the rapidly changing environment, we continue to strengthen our computer technology and sports information facilities to provide more comprehensive sports betting services.’ The company has held the exclusive concession in the city for
betting on football and basketball, however, after a recent three- year extension to its concession it will no longer have the exclusive rights to this market.
G Sands and Galaxy represented about 45 pct of total
aming operators Sands China and Galaxy Entertainment Group together represented 45.3 per cent of all gross gaming revenues reported in the SAR for the first quarter of this year, data compiled by Deutsche Bank. A total of MOP23.6 billion (US$2.9 billion) in gaming
revenues were reported between January and March, an 8.2 per cent quarter- to-quarter rise, of which Sands represented 24.1 per cent and Galaxy some 21.2 per cent. However, while Sands market share saw a 2.7 percentage points increase
from the previous three month period, Galaxy reported a quarterly drop of 0.7 percentage points. After topping the ranking for most of 2020, Melco Resorts & Entertainment, the gaming operator now ranked third with a 16.9 per cent in market share. Wynn Macau maintained fourth place in the ranking with an overall share of
14.5 per cent with gross revenues of US$424 million, with SJM in fifth with 11.7 per cent and MGM China in sixth with 11.6 per cent. In term of VIP results according to Galaxy represented the largest share with 28.4 per cent, followed by Sands (21.5 per cent), Wynn (18.9 per cent), Melco
M 18 JULY 2021
Melco to develop premium residential, entertainment and hospitality complex in Zhongshan
elco International announced it has successfully tendered to develop a premium residential, entertainment and hospitality 750,000 square meters mixed-use complex at Zhongshan, Guangdong province in partnership with Agile Group. The Melco group indicated that the project is part of its
strategy to invest in non-gaming assets, in particular the Greater Bay Area. The new project will include residential, commercial, recreational and entertainment elements, featuring residential complexes, office areas, hotels,
service apartments, wellness centers, shopping malls and a theme park with more than 94,200 square meters, with Melco, expecting the majority of the project, including the theme park, to be completed by 2025. Melco International Development Limited indirectly owns a majority stake in gaming concessionaire Melco Resorts & Entertainment Limited. Hong Kong-listed Agile Group is an integrated conglomerate specialised
in property development, with over RMB300 billion (MOP370 billion/ US$46.2 billion) in assets as of last year and a presence in over 200 cities.
(14.1 per cent), MGM (9.5 per cent) and SJM (7.6 per cent). As for mass market results Sands topped the bill with 25.1 per cent),
followed by Galaxy (18.3 per cent), Melco (17.9 per cent), SJM (13.4 per cent), Wynn (12.8 per cent) and MGM (12.5 per cent).
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