Sands China leads Macau market in May

Sands China Ltd saw its market share of Macau casino gross gaming revenue grow to 23.2% in May, according to industry figures compiled by GGRAsia on Tuesday.

Deutsche Bank analyst Karen Tang said SJM Holdings ceded its role as a leader in the Macau market in the first quarter of 2014, with rival Sands China accounting for 23.2% of SJM in the first three months of the year.

SJM regained its Macau market leader position from Sands China in April with a 23.4% share, but SJM’s share fell to 23.1% in May.

Galaxy Entertainment Group had a 21.2% share of Macau gaming revenue last month, compared with 12.8% for Melco Crown Entertainment Ltd.

Win Macao Inc is fifth with a 10.5% market share, ahead of MGM China Holdings Ltd 9.3%, according to figures compiled by GGRASIA.

Macau’s total casino gaming revenue in May was $32.35 billion ($4.05 billion), up 9.3% from a year earlier, local regulators said.

Analysts say sales in May were the slowest monthly growth in four months, with the VIP segment likely to fall short of expectations. This will not be officially clear until after the end of the second quarter, when the Macau Game Inspection Coordinating Agency announces a split between the public market and VIP game numbers.

Sands China fell 1.4% to settle at HK$55.7 in Hong Kong trading on Tuesday. SJM shares fell 3.1% to HK$21.6 and Galaxy Entertainment fell 3.06% to HK$60.1 in Hong Kong.

Melco Crown fell 1.5%, Win Macau closed 1.2% lower and MGM China shares fell 0.56%.

BY: 동행복권파워볼

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