The Macau Metro Monitor, August 2, 2012
SANDS AGAIN SECOND IN MARKET SHARE Macau Business
According to sources from Business Daily, Sands regained the second spot in the monthly casino gross gaming revenue ranking in July at 22% share. Galaxy's share came in third at 19%. SJM Holdings Ltd remained the market leader, with a stable 26% stake. The market shares for the other operators are as follows: MPEL-13%, WYNN-11% and MGM-9%.
AERL SHIFTS REMUNERATION MODEL Macau Business
Junket operator Asia Entertainment & Resources Ltd (AERL) announced that beginning next month it will be changing its remuneration model to a revenue sharing model for all of its three VIP rooms--at StarWorld, Galaxy Macau, and Venetian Macau. Currently, all AERL VIP rooms are under a fixed commission model of 1.25% of rolling chip turnover. By shifting to a revenue sharing model, the company says it believes it can generate commission of “over 1.30% of rolling chip turnover, and in addition, be able to negotiate on additional allowances and other incentives, thus increasing revenue and ultimately, net income,” it explained in a press release.
MAY SINGAPORE VISITOR ARRIVALS STB
Singapore visitation increased 8.77% to 1,146,246 visitors in May.