SJM Holdings Ltd. casino gross gaming revenue market share in Macau fell to 23 percent in May, but despite the 3-percent drop month-to-month, the casino operator still held on to its market leader status.
According to unofficial market data compiled by Macau Business Daily, SJM’s market share lead over Sands China Ltd. fell to just two percent with the latter holding steady in second place at 21 percent, a one percent drop from its own month-to-month numbers. The market share standings among the casino operators appeared to remain par for the course as Galaxy Entertainment Ltd likewise held on to third place at 18 percent despite experiencing its own 1 percent drop compared to its numbers the previous month.
Melco Crown Entertainment Ltd also stayed in fourth place with a 14 percent market share while Wynn Macau Ltd still came in fifth with just a 12 percent market share. And finally, MGM China Holdings Ltd. continue to bring up the rear with an 11 percent markets share. The good news for MGM China is that its gaining some ground on Wynn Macau. The bad news is that, well, it’s still in last place among the casino operators in Macau.
For the month of May, Macau casinos generated MOP29.6 billion in gross gaming revenue, the second highest total in history, second only to March 2013 when the gambling town generated MOP31.3 billion in revenue. May’s numbers also represented a 13.5 percent increase from its number in the same month last year.
SJM Holdings’ drop in market share could suggest that the playing field is leveling to the point that we could potentially see a month where SJM is supplanted as the top market share holder in Macau.