Daily Asia Gaming eBrief: Sands China leads Macau’s market share

Monday 18th of November 2024

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Good morning. Slicing the market share pie. In the third quarter of 2024, Sands China maintained the largest market share in Macau's gaming sector at 24.5 percent, while SJM Holdings reported the only increase in market share, rising from 12.7 percent to 14.1 percent due to gains in both mass and VIP gaming segments, data compiled by Deutsche Bank shows. Meanwhile, Thailand’s Secretary-General to Prime Minister Paetongtarn Shinawatra has indicated that the country’s IR bill is expected to pass through both chambers of parliament in 2025. Meanwhile, Resorts World Sentosa (RWS) has initiated a $5 billion transformation that will completely revamp its waterfront by 2030.

What you need to know

Sands China remained the operator with the largest market share in the Macau SAR during the third quarter of 2024.
Thailand plans to legalize casinos by 2025. Government approval is expected to turn major cities into entertainment hubs, attracting global investors.
Resorts World Sentosa has initiated a transformative S$6.8 billion ($5 billion) waterfront expansion, which is set to open by 2030.

On the radar

Macau’s MICE generates over $557M in non-gaming revenue in 9-month period.
PH Resorts flags worsening financials due to Emerald Bay development.
Universal Entertainment downgrades predictions for 2024 results
Pansy Ho highlights Macau’s need to attract more overseas travelers.

AGB Intelligence

MACAU

Sands China maintains Macau's market dominance

In the third quarter of 2024, Sands China maintained the largest market share in Macau's gaming sector at 24.5 percent, while SJM Holdings was the only operator to report a sequential increase in market share rising from 12.7 percent to 14.1 percent. SJM made gains in both mass and VIP gaming segments, with analysts believing the ramping up of business at Grand Lisboa Palace helped the firm’s third-quarter performance.

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