Cotai moves above 60 of Macau market share for the first time

first_imgMacau’s entertainment hub of Cotai has seen its total share of the local gaming market climb above 60% for the first time, reaching 61.2% in 2Q18 according to a report by Melco Resorts.Melco’s September 2018 Investor Information Pack, released on Tuesday, also calculates Cotai’s mass market share at an all-time high of 64.2%. Cotai is home to Melco’s City of Dreams and Studio City properties, as well as Galaxy Macau, Wynn Palace, MGM Cotai and Sands China’s quartet of the Venetian, Sands Cotai Central, Parisian Macao and The Plaza. According to Melco’s report, Cotai’s share of GGR has risen from 45.5% in early 2014 – before any of Studio City, the Parisian, Wynn Palace or MGM Cotai were operational – to its current high of 61.2% midway through 2018. The report calculates that Cotai’s total market share had held steady at 59.9% through 4Q17 and 1Q18, while mass market share is up from 63.3% in the first quarter. Melco had calculated Cotai’s 4Q17 market share at above 60% in its March Investor Information Pack but has since revised that figure down.Cotai also holds 59.9% of the 4 and 5 star guestrooms in Macau, the company said. up from 47.0% in 1Q14 and from 58.5% in 2Q17 Strong VIP growth sees Okada Manila GGR climb 72% in August RelatedPosts Melco International Development grants Evan Winkler HK$269 million share options Load More Lack of premium mass strategy begs questions of SJM’s Grand Lisboa Palace launch: analystslast_img

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