Operator News
China – Sands sees Macau market share increase to 26.6 per cent in 2023
By Phil - 11 March 2024
According to data provided by Deutsche Bank Securities, Sands China’s slice of the casino market in Macau has grown to 26.6 per cent of the revenue generated by the sector in 2023, making it the biggest gainer of the SAR’s six gaming concessionaires.
Macau’s GGR was US$22.66bn in 2023 with Sands accounting for US$6.03bn of that total, an increase of 3.2 per cent when compared with its share of 2022’s US$5.19bn.
MGM China and Wynn Macau’s both saw market share increase by 1.6 per cent with MGM contributing 15.3 per cent to the total with GGR of US$3.46bn and Wynn accounting for 13.4 per cent or US$3.03bn in revenue.
Both Galaxy Entertainment and Melco Resorts &saw their market share fall by 0.6 and 1.7 per cent, respectively withGalaxy accounting for 18.1 per cent or US$4.09bn of Macau’s total and Melco’s share coming in at 14.6 per cent with US$3.32bn in revenue.
SJM Holdings, Macau’s original casinooperator, experienced another slide in market share during 2023, down four per cent to roughly 12 per cent at US$2.74bn.
