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Since opening Phase II and Broadway, Galaxy has secured second position in the market in terms of share, according to Business Daily calculations
Gaming revenue plunged 34.5 per cent year-on-year to MOP18.6 billion (US$2.3 billion) in July from MOP28.4 billion (US$3.6 billion) in 2014, the Gaming Inspection and Co-ordination Bureau announced yesterday.
Revenue from the Macau gaming market has been dropping like a stone for fourteen consecutive months although the pace of decrease has been slowing for the last five months. While in February there was a decrease of 48.6 per cent year-on-year, the pace of the drop has been slowing consecutively until reaching 34.5 per cent year-on-year in the last month.
In relation to the first half of the year, gaming revenue dipped 36.7 per cent year-on-year and now totals MOP140.3 billion (US$17.6 billion), while in the first half of 2014 it accounted for MOP221.5 billion (US$27.7 billion).
In terms of market share, and according to the calculations of Business Daily, Sands China achieved a share of 23.8 per cent and retains the leadership it assumed in March. The second place is occupied by Galaxy Entertainment with a 22.6 per cent share of the market. Since the opening of Galaxy Macau Phase II and Broadway the operator has become the second player in Macau. SJM Holdings occupies third place (20.3 per cent). In the second half of the table sit Melco Crown (14.2 per cent) followed by MGM China (9.7 per cent) and Wynn Macau (9.4 per cent).
Austerity not necessary yet
After the gaming revenue figures for July were known, the Secretary for Economy and Finance, Lionel Leong Vai Tac, issued a press release saying that for the moment austerity measures will not be implemented by the government. The justification comes from the fact that the average gross gaming revenue per month during this year still exceeds MOP20 billion, which was considered in the revised budget for this year.
However, the government warned that if gaming revenues reach a value below the average of MOP20 billion per month, then austerity measures will be “immediately” implemented. As for last month, the average gross gaming revenue accounted for MOP20.037 billion.
The Executive also promise to adopt a “prudent posture” in managing public finances while keeping a close eye on gaming operators and junket promoters to secure the rights of local workers.
João Santos Filipe
Source
Gaming revenue plunged 34.5 per cent year-on-year to MOP18.6 billion (US$2.3 billion) in July from MOP28.4 billion (US$3.6 billion) in 2014, the Gaming Inspection and Co-ordination Bureau announced yesterday.
Revenue from the Macau gaming market has been dropping like a stone for fourteen consecutive months although the pace of decrease has been slowing for the last five months. While in February there was a decrease of 48.6 per cent year-on-year, the pace of the drop has been slowing consecutively until reaching 34.5 per cent year-on-year in the last month.
In relation to the first half of the year, gaming revenue dipped 36.7 per cent year-on-year and now totals MOP140.3 billion (US$17.6 billion), while in the first half of 2014 it accounted for MOP221.5 billion (US$27.7 billion).
In terms of market share, and according to the calculations of Business Daily, Sands China achieved a share of 23.8 per cent and retains the leadership it assumed in March. The second place is occupied by Galaxy Entertainment with a 22.6 per cent share of the market. Since the opening of Galaxy Macau Phase II and Broadway the operator has become the second player in Macau. SJM Holdings occupies third place (20.3 per cent). In the second half of the table sit Melco Crown (14.2 per cent) followed by MGM China (9.7 per cent) and Wynn Macau (9.4 per cent).
Austerity not necessary yet
After the gaming revenue figures for July were known, the Secretary for Economy and Finance, Lionel Leong Vai Tac, issued a press release saying that for the moment austerity measures will not be implemented by the government. The justification comes from the fact that the average gross gaming revenue per month during this year still exceeds MOP20 billion, which was considered in the revised budget for this year.
However, the government warned that if gaming revenues reach a value below the average of MOP20 billion per month, then austerity measures will be “immediately” implemented. As for last month, the average gross gaming revenue accounted for MOP20.037 billion.
The Executive also promise to adopt a “prudent posture” in managing public finances while keeping a close eye on gaming operators and junket promoters to secure the rights of local workers.
João Santos Filipe
Source