Melco, MGM outshine peers in Q3

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...

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