CASINO

Sands China on top in Macau; Genting Singapore outlook bleak

TAGs: Genting, Macau, sands china, Singapore

Sands China ahead in MacauIf there were a league table published each Sunday on the performance of Macau’s casinos, Sands China would be sitting pretty at the top awaiting Champions League football this season. According to the Union Gaming Research Macau, the first two weeks of this month, Sands China led the enclave’s market with a customer share of 34%. Following this was SJM Holdings (33.3%), Galaxy Entertainment (17.5%), Wynn Macau (6.3%), MGM China (4.9%) and Melco Crown (4.1%).

In terms of individual properties, the Venetian Macao led the way with 21.5%, followed by SJM’s Grand Lisboa/Lisboa at 18.1% and Sands Macao with 12.5%. The enclave’s newest build, the Galaxy Macau, took 12% of the market with analysts Grant Govertsen, Bill Lerner and Dovydas Pelegrimas, adding, “This compares to its share of table games of slightly less than 9 percent, suggesting that the recently opened property is garnering more than its fair share of customers.”

This good news was compounded by the fact that Sands took quite a hit from one customer. Macau’s third most popular venue dispensed a jackpot worth HK$5million to a client earlier on this week (18th July). The fortunate punter hit a Straight Flush Jackpot on the Sands Stud Poker Table that was first introduced way back in March. Right there might just be a detrimental effect to that big rise in visitors that the enclave has been receiving.

genting resort world sentosaOver in Singapore, Genting saw its shares plunge in advance of the release of their Q2 results. Traders expected the firm to report lower earnings as they lost market share to their other competitor in the country Marina Bay Sands.

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