Gaming

Macau’s Q3 property EBITDA margins surpass 2019 level – Deutsche Bank

Thursday 16 de November 2023 / 12:00

⏱ 1 min read

(Macau).- The industry margins for Q3 property EBITDA in the gaming sector have surpassed those of the equivalent period of 2019 by 0.3 per cent, according to Deutsche Bank Securities’ gaming analysis.

Macau’s Q3 property EBITDA margins surpass 2019 level – Deutsche Bank

According to a memo from analyst Carlo Santarelli, property EBITDA stood at US$1.795 billion (MOP14.46 billion) in the three months to September industry-wide, down 20 per cent in comparison with the same period of 2019.

Moreover, net revenue went down 21 per cent from the third quarter of 2019, while operating expenses related to non-gaming tax declined 9 per cent.

As for gross gaming revenue (GGR), VIP GGR was 77 per cent lower compared with the 2019 level, while mass GGR was just 5 per cent down.

Of the six gaming operators, SJM Holdings appeared to be the only ‘donor’ last quarter, while both Sands China and Melco Resorts & Entertainment are considered to be one when it comes to the VIP segment.

As for the VIP rolling chip volume, Galaxy Entertainment Group, Melco, and SJM gained market shares during that quarter.

Categoría:Gaming

Tags: Sin tags

País: Macao

Región: Asia

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