Its market share grew to 26.6 per cent in 2023.<\/p>\n\n\n\n\n\n\n\n
Macau.- Financial services firm Deutsche Bank has noted that\u00a0Sands China contributed 26.6 per cent of Macau\u2019s GGR\u00a0<\/strong>in 2023. The proportion was up 3.2 percentage points at nearly US$6.03bn. Sands China<\/a>\u00a0was followed by\u00a0Galaxy Entertainment Group<\/strong>\u00a0which contributed 17.8 per cent of revenue (US$4.09bn).<\/p>\n\n\n\n MGM China’s share increased from 14.6 per cent to 16.3 per cent.\u00a0Melco Resorts & Entertainment\u00a0<\/strong>followed with 14.6 per cent (US$3.32bn), down 1.7 percentage points. Wynn Macau was in fifth position with 13.5 per cent, while SJM Holdings accounted for 12.1 per cent.<\/p>\n\n\n\n Mass-market results<\/strong>\u00a0were led by Sands China with 26.6 per cent. According to Deutsche Bank, Macau’s mass market has recovered to 105 per cent of 2019 Q4 levels. VIP revenue is still 77 per cent lower than in 2019 due to the Chinese government’s crackdown on VIP gaming.\u00a0<\/p>\n\n\n\n Wynn\u00a0took 20.5 per cent of the VIP market share<\/strong> and Sands 17.2 per cent. Sands China led the market share in terms of property EBITDA with 34.2 per cent, a gain of 10.0 percentage points from the previous year. Galaxy Entertainment came second, with a property EBITDA share of 20.8 per cent, followed by Wynn Macau, with a 14.8 per cent share. MGM China had a 13.4 per cent share in terms of property EBITDA and Melco Resorts 12.5 per cent. SJM Holdings saw the sharpest decline, with an EBITDA market share of 3.4 per cent in 2023.<\/p>\n\n\n\n Macau\u2019s GGR for 2023 was MOP183.06bn (US$22.75bn<\/a>). That\u2019s a rise of 333.8 per cent when compared to 2022.<\/a> The rise was attributed to the end of travel and other Covid-19-related restrictions last January.<\/p>\n","protected":false},"excerpt":{"rendered":" Its market share grew to 26.6 per cent in 2023.<\/p>\n","protected":false},"author":176,"featured_media":26755,"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 led Macau's GGR and property EBITDA market share in 2023, contributing 26.6% of the total US$22.75bn GGR. The market saw a significant 333.8% GGR increase year-on-year due to post-COVID recovery, with mass-market revenue exceeding 2019 Q4 levels. VIP revenue, however, remains significantly lower due to government crackdowns.","focusai_entities":"Deutsche Bank, Sands China, Galaxy Entertainment Group, MGM China, Melco Resorts & Entertainment, Wynn Macau, SJM Holdings","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau Mass Market Outlook","query":"Given the mass market's recovery to 105% of 2019 Q4 levels, what are the projected growth drivers and potential saturation points for this segment in Macau over the next 12-24 months?"},{"label":"VIP Segment Strategy","query":"How are Macau operators adapting their business models and investment strategies to mitigate the ongoing impact of the Chinese government's VIP gaming crackdown, and what alternative high-roller segments are being developed?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906,21680],"class_list":["post-777013791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013791","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=777013791"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013791\/revisions"}],"predecessor-version":[{"id":777013814,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013791\/revisions\/777013814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26755"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}