Sands China Ltd saw its Macau casino gross gaming revenue (GGR) share rise by the largest percentage point year-over-year in an update on Wednesday, Deutsche Bank Securities noted.

In 2022, the Macau GGR was severely constrained by travel restrictions affecting Macau, mainland China and Hong Kong. The total GGR for the year was just over $5.19 billion, compared to $22.66 billion in 2023.

Nevertheless, Sands China's 2023 Macao GGR share, managed by Las Vegas Sands Corp., rose 3.2 percentage points to 26.6%, nearly $6.03 billion. That was just over $1.21 billion, compared with a market share of 23.4% in 2022.

MGM China Holdings Ltd and Wynn Macao Ltd each increased their GGR share by 1.6 percentage points in 2023.

MGM China had a share of just under $3.46 billion (15.3%) compared to $713 million (13.7%) in 2022.

Wynn Macau Inc Wynn was just over $3.03 billion (13.4%) in 2023, compared to $614 million (11.8%) in 2022.

Deutsche Bank's data is based on GGR figures reported by casino operators in each city.

The 2023 GGR share price loser was Galaxy Entertainment Group, down 0.6 percentage point year-over-year, at 18.1% or just over $4.09 billion.

Melco Resorts & Entertainment Ltd was down 1.7 percentage points year-over-year. It was just 14.6% of the GGR in 2023, or $3.32 billion.

SJM Holdings Ltd.'s 2023 share fell 4.0% points year-over-year to 12.1%, or nearly $2.74 billion. In 2022, it was 16.1% or $833 million.

The Macau casino industry had a total annual income before interest, taxation, depreciation and amortization (EBITDA) of nearly $6.46 billion in 2023, a negative figure of $1.31 billion the year before, according to figures compiled by Deutsche Bank.

Sands China also leads the real estate EBITDA market with a 34.2% share, up 10.0% points year-over-year.

Galaxy Entertainment came in second with a 20.8% share of Real Estate EBITDA, followed by Win Macau with 14.8%.

MGM China had a 13.4% market share in terms of real estate EBITDA across the industry, while Melco Resorts had a 12.5% share. SJM Holdings was the biggest loser in 2023 with a 3.4% EBITDA market share.

Lawrence Hoyau Lung, Chairman and CEO of Melco Resorts, noted in his recent fourth-quarter earnings call that the decline in the Macau EBITDA market share in 2023 was a factor in the management change and the company's sales effort restructuring.

BY: 바카라사이트 추천