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Wynn Macau Overtakes Sands China

Written by:
Jagajeet Chiba
Published on:
Dec/02/2010
Wynn Macau Overtakes Sands China

Macau Business reported on Thursday that Wynn Macau has taken the second spot on the league rankings of market share away from Sands China in the Macau gambling haven. 

Wynn took control of 17 percent of the overall market while Sands came in with 15 percent. 

Wells Fargo analyst Caro Santarelli tells Macau Business that Sands China “suffered from bad luck”, though no further details were offered. 

Melco Crown Entertainment came in just behind Sands China, also with 15 percent of the market share, however.

The Ho family continues to dominate the Macau market.  Stanley Ho, the family patriarch, has been in poor health over the past year.  His daughter Pansy assumed control of their casino empire.  The Ho-owned Hung Sun’s Sociedade de Jogos de Macau currently holds 31 percent of the market share in that city. 

MGM, which announced strong financials over the last period thanks to its Macau business, came in at 5th with 11 percent of the overall market share.  Galaxy Entertainment Group had 10 percent. 

Macau’s casino gross gaming revenue reached MOP17.35 billion (US$2.17 billion) last month, Macau Business points out. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

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