According to Deutsche Bank, the casino operator continues to lead GGR market share.<\/p>\n\n\n\n\n\n\n\n
Macau.- Deutsche Bank has reported that\u00a0Sands China contributed 24.5 per cent of Macau\u2019s GGR\u00a0in the second quarter of the year. The proportion was down 2.73 percentage points, but VIP market share increased from 14.2 per cent to 21.1 per cent sequentially.<\/p>\n\n\n\n
Sands China was followed by\u00a0Galaxy Entertainment Group which contributed 19.1 per cent of GGR. The company’s market share rose compared to both the previous quarter and last year. It had an 18.8 per cent share in the mass segment and 21.1 per cent in the VIP segment.<\/p>\n\n\n\n
MGM China’s share was 16.1 per cent.\u00a0Melco Resorts & Entertainment\u00a0<\/strong>followed with 14.9 per cent while Wynn Macau and SJM Holdings each held a 12.7 per cent share.<\/p>\n\n\n\n According to analysts,\u00a0total industry GGR in the second quarter of the year was up 24 per cent in year-on-year terms. Mass GGR was up 29 per cent while VIP GGR declined by 3 per cent. Cumulatively, Macau\u2019s GGR for the half of 2024 was MOP113.8bn (US$14.20bn), up 41.9 per cent year-on-year but 23.9 per cent below the same period in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":" According to Deutsche Bank, the casino operator continues to lead GGR market share.<\/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":"Deutsche Bank reports that Sands China maintained its lead in Macau's Q2 GGR market share at 24.5%, despite a slight overall decrease, driven by a significant rise in VIP segment share. Galaxy Entertainment Group followed with 19.1%, showing sequential and year-on-year growth across mass and VIP segments. Overall Macau GGR increased 24% year-on-year, with mass GGR up 29% and VIP GGR down 3%.","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), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What are the projected GGR growth rates for Macau in H2 2024, considering the current mass market strength and VIP segment decline, and how do these compare to pre-pandemic levels?"},{"label":"Operator Strategy Shifts?","query":"How are leading Macau operators like Sands China and Galaxy Entertainment adjusting their capital allocation and marketing strategies to capitalize on the robust mass market recovery while mitigating VIP segment softness?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906,21680],"class_list":["post-777018585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau-casinos","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018585","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=777018585"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018585\/revisions"}],"predecessor-version":[{"id":777018609,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018585\/revisions\/777018609"}],"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=777018585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}