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LVS WIDENS LEAD IN MACAU

This note was originally published April 12, 2013 at 13:45 in Gaming

  • 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.

LVS WIDENS LEAD IN MACAU - nn