Sands China and Galaxy lead Macau in 19H1
According to analysts at financial services firm Deutsche Bank, Sands China and Galaxy lead Macau the gaming market share during the first half of the year.
Macau.- Sands China and Galaxy Entertainment Group lead Macau’s gaming market share, Deutsche Bank said. Analysts at the financial services firm explained the companies retained the top spot during the first six months of 2019.
Experts explained that Sands China lead all companies at 24.1% of the total market. Galaxy Entertainment Group came next, with 21.4%. Melco Resorts, Wynn Macau and SJM, followed with the other 15.8%, 15.3% and 14.3%, respectively.
Casino revenue
The Gaming Inspection and Coordination Bureau of Macau (DICJ) announced on Sunday that gambling revenue in the city decreased 8.6% in August. The industry was hit by a reduction in demand from high rollers after slowing economic growth due to a trade war between China and the United States.
Revenue during last month’s operations was €2.73 billion, slightly lower than July’s €2.74 billion but below analysts’ expectations of a drop between 2% and 6%.
The DICJ also explained that, although expected, protests in Hong Kong contributed to the bad results in August. However, they were not as impactful as they could have been in August.
