Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.
According to analysts, both companies gained market share in Q3. Nomura Research, which focuses on volume share rather than revenue share as it’s not distorted by the luck factor, said Melco was the biggest gainer up 310 basis points from the same point last year, while the biggest market share losers have been Wynn Macau, which was down 130 basis points and SJM Holdings, which is down 120 basis points.
As reported by the six operators, Q3 gross gambling revenue was down 4.1 percent, with VIP off 26 percent and mass up by 15 percent. The figures differ slightly from those reported by the regulator, the Gaming Inspection and Coordination Bureau (DICJ), which puts the mass market up by 18 percent and VIP down by 23...
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Tomakomai Mayor Hirofumi Iwakura has again pressed the Hokkaido prefectural authorities led by Governor Naomichi Suzuki to rejoin the IR race in the current cycle, arguing that the nine-month delay in the national licensing timeline provides adequate opportunity to resolve environmental and other concerns.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.