Analysts say Sands China\u2019s hotel market share fell to 40 per cent after Galaxy launched Raffles and Andaz Macau.<\/p>\n\n\n\n\n\n\n\n
Macau.- In an investment memo from Deutsche Bank, analyst Carlo Santarelli said Sands China is facing increased competition and losing its hotel market share in Macau.<\/p>\n\n\n\n
Santarelli highlighted a decline in Sands China’s market share of hotel rooms, from 45 per cent to 40 per cent mainly due to the launch of new hotels, including\u00a0Raffles<\/a>\u00a0and\u00a0Andaz Macau<\/a> by Galaxy Entertainment Group. Additionally, Studio City has also expanded its hotel offerings with the introduction of\u00a0the W Hotel<\/a>.<\/p>\n\n\n\n The increase in hotel room capacity in Macau, growing by 10 per cent since 2019, has raised expectations of growth in the mass gaming market. However, Santarelli suggested Sands China may see its market share fall.<\/p>\n\n\n\n Deutsche Bank’s data revealed that Sands China’s mass market share in the first half of 2023 decreased from 33.2 per cent to 31.6 per cent when compared to the same period in 2019. Santarelli noted that this was less significant than anticipated, considering the decline in room share and market conditions.<\/p>\n\n\n\n Deutsche Bank predicted that Las Vegas Sands (LVS) will match its 2019 Macau property EBITDA by 2025, with Macau margins exceeding 2019 levels by 2024.<\/p>\n","protected":false},"excerpt":{"rendered":" Analysts say Sands China\u2019s hotel market share fell to 40 per cent after Galaxy launched Raffles and Andaz Macau.<\/p>\n","protected":false},"author":176,"featured_media":777005940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sands China's hotel market share in Macau has declined to 40% from 45% due to new hotel launches by competitors like Galaxy Entertainment Group and Studio City. Deutsche Bank analysts note a less significant, but still present, decline in Sands China's mass gaming market share. Despite increased competition, Las Vegas Sands is projected to match its 2019 Macau property EBITDA by 2025, with margins exceeding 2019 levels by 2024.","focusai_entities":"Sands China, Galaxy Entertainment Group, Studio City, Deutsche Bank, Carlo Santarelli, Las Vegas Sands (LVS)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), operator_casino (1.0), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Sands China Strategy?","query":"What is the long-term strategy for Sands China to regain hotel and mass gaming market share amidst increasing competition and new capacity?"},{"label":"Macau GGR Impact?","query":"How will the increased hotel capacity in Macau impact overall GGR and NGR growth projections for the market, particularly for the mass gaming vertical?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,21680],"class_list":["post-777009982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777009982"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009982\/revisions"}],"predecessor-version":[{"id":777041185,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009982\/revisions\/777041185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777005940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}