CASINO

SJM continues to pace Macau casino earnings in August

TAGs: Casino News, Galaxy Entertainment Group, melco crown, MGM China, sands china, SJM Holdings, wynn macau

sjm-holdings-ltsSJM Holdings Ltd. continues to be on top of the heap in casino earnings in Macau with a 24-percent casino gross gaming revenue for the month of August. But from where it stood a few months ago, SJM’s percentage has dropped to the point that Sands China Ltd is now nipping at its heels for the second consecutive month with a 23-percent share of the whole pie. The figures for both operators remained the same as it was in July, indicating that both companies continue to pull a huge chunk of the total gross gaming revenue of the gambling destination.

Coming in at a decided third is Galaxy Entertainment Group with a 17-percent share, three percentage points lower than what it took back in July. Galaxy’s loss appears to be the gains of all three operators rounding out the list, including fourth placer Melco Crown Entertainment Ltd with a 14-percent share, one percentage point higher than its July numbers. Despite still languishing in fifth place, Wynn Macau must be ecstatic about leaving the dregs spot it occupied a few months ago. Still, the Las Vegas-based operator still only accounts for 12 percent of revenues, two percent higher than perennial bottom-dweller MGM China Holdings Ltd, which only has a 10-percent share.

For the month of August, Macau’s casino gross gaming revenue amounted to MOP30.4 billion, 17.6 percent higher over the same time last year. The August figure is also the second highest amount Macau’s casinos have ever taken home, trailing only to the MOP31.3 billion the gambling hub earned in March of this year. September isn’t expected to reach that number with analysts forecasting a rather “pedestrian” MOP28.6 billion in revenue for the month. Still, that figure would still amount to a 20-percent improvement from its numbers in the same month last year, continuing a trend of strong revenue returns in Macau this year.

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