According to analysts at financial services firm Deutsche Bank, Sands China and Galaxy together accounted for 45.3 per cent of Macau GGR in the first quarter of the year.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Deutsche Bank<\/strong>\u00a0has revealed\u00a0that GGR\u00a0<\/strong>in Macau in Q1 was driven largely by two of its biggest casino operator:\u00a0Sands China and Galaxy Entertainment.<\/strong><\/p>\n\n\n\n Sands China and Galaxy Entertainment together contributed MOP23.6bn (US$2.9bn) to Macau’s GGR<\/strong>\u00a0between January and March.<\/p>\n\n\n\n According to analysts,\u00a0Sands China led the way, accounting for 24.1 per cent of the total market<\/strong>. Galaxy Entertainment accounted for 21.2 per cent of GGR.<\/p>\n\n\n\n The Tribuna de Macau newspaper reported\u00a0Sands China revenue was up 2.7 percentage points\u00a0<\/strong>when compared to the previous three month period. Galaxy saw a decline of 0.7 percentage points.<\/p>\n\n\n\n Melco Resorts & Entertainment<\/strong>, which had topped the ranking for most of 2020, followed with 16.9 per cent. In fourth place, Wynn Macau\u00a0<\/strong>reported GGR of US$424m, 14.5 per cent of Macau’s total GGR. SJM\u00a0<\/strong>accounted for 11.7 per cent and MGM China 11.6 per cent.<\/p>\n\n\n\n As for VIP results,\u00a0Galaxy Entertainment took 28.4 per cent of the market share<\/strong>, Sands 21.5 per cent and Wynn Resorts 18.9 per cent.<\/p>\n\n\n\n The\u00a0mass-market results<\/strong>\u00a0were led by Sands at 25.1 per cent and Galaxy Entertainment at 18.3 per cent.<\/p>\n\n\n\n Macau’s GGR<\/a>\u00a0in May came in at MOP10.45bn (US$1.31bn)<\/strong>. That\u2019s an increase of 24.3 per cent from April, when\u00a0GGR was MOP10.4bn (US$1.3bn)<\/a>.<\/p>\n\n\n\n GGR was up 492.2 per cent year-on-year<\/strong>, making May the\u00a0highest monthly revenue<\/strong>\u00a0since the Covid-19 pandemic started.<\/p>\n\n\n\n Aggregate casino GGR for the first five months of the year<\/strong> totals MOP42.49bn, up 29 per cent year-on-year.<\/p>\n\n\n\n May\u2019s numbers were fueled by the Labour Day break<\/a>, when Macau\u2019s Public Security Police reported that 165,500 tourists came to Macau<\/strong>.<\/p>\n\n\n\n Casino operator\u00a0<\/strong>Sands China Ltd\u00a0<\/a>has reported figures for the first quarter showing\u00a0net revenue of US$771m<\/strong>, a 5 per cent year-on-year decline compared to the first quarter of 2020 but a\u00a015.1 per cent increase from US$675m in the fourth quarter of 2020<\/strong>.<\/p>\n\n\n\n Sands China saw property EBITDA of US$100m, up 49.3 per cent from the previous quarter<\/strong>\u00a0when the figure was US$47m.<\/p>\n\n\n\n It reported a\u00a0net loss of US$213m<\/strong>, compared to a loss of US$166m in the same quarter in 2020, but\u00a0an improvement when compared to the US$246m loss reported in the fourth quarter<\/strong>.<\/p>\n\n\n\n The company reported an\u00a0occupancy rate of 90 per cent<\/a>\u00a0for the Labour Day break.<\/p>\n\n\n\nSands China results for Q1<\/strong><\/h2>\n\n\n\n