CHART DU JOUR: LVS WIDENS EBITDA SHARE LEAD IN MACAU
- Macau gaming operators’ property EBITDA grew 9% QoQ to $1.9 billion.
- With a high VIP hold of 3.1% in Q4 2012, Sands China increased its market-leading property EBITDA share to 32.5% from 27.8% in Q3 2012. It is the highest level since Q2 2010. Remember that Sands Cotai Central opened on April 11, 2012.
- MGM and MPEL rose slightly while Galaxy, SJM, and Wynn all lost share. Despite VIP hold near 3%, Wynn’s share broke below 15%, a steep drop from its 25% peak in Q4 2010.