Scientific Game

Cotai now claims 61.4% of Macau market share: Melco Resorts

Monday, 12 March 2018 06:18
Share
Visit us

Macau’s entertainment hub Cotai has seen its share of the local gaming market climb to 61.4% as of 4Q17, including 64.2% of mass market revenue, according to a report by Melco Resorts.

Melco’s March 2018 Investor Information Pack, released on Friday, highlights the growing importance of the Cotai Strip and surrounds to the city’s future as more and more visitors gravitate towards its expanding array of mega-resorts. Cotai is home to Melco’s City of Dreams and Studio City properties, as well as Galaxy Macau, Wynn Palace and Sands China’s quartet of the Venetian, Sands Cotai Central, Parisian Macao and The Plaza. MGM also opened MGM Cotai last month.

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 61.4% at the end of 2017. The figure represents a 3.6% year-on-year and 1.0% sequential increase. Mass market share grew 2.2% year-on-year and 1.8% sequentially in 4Q17 to 64.2%

Cotai also holds 58.3% of the 4 and 5 star guestrooms in Macau, up from 47.0% in 1Q14 but slightly down from 59.7% 12 months ago.

Melco noted that growing overnight visitation bodes well for Macau’s future, with overnight visitors representing 53.7% of all visitors in the fourth quarter, up from 45% in 2008.

Overnight visitation has historically shown a correlation with healthy mass market gaming numbers, the company said, although Melco’s own share of mass GGR fell to 14.7% in the fourth quarter, down from 15.0% in 4Q16 and from 16.4% in 3Q17.

Melco Resorts didn’t provide any further information on the upcoming launch of its luxury hotel Morpehus at City of Dreams, but said it still expects to open in 2Q18.

What's new

SJM the latest to introduce eco-friendly new energy bus service

SJM the latest to introduce eco-friendly new energy bus service Sociedade de Jogos de Macau, S.A. (SJM) has become the latest Macau operator to introduce a new energy shuttle bus service. The buses will begin operations in May, with the number of new energy buses to be increased in phases. In its announcement, SJM said the introduction of the buses “demonstr... Friday, 20 April 2018 07:33

VIDEO - Week in Review

VIDEO - Week in Review Inside Asian Gaming takes a look back at the biggest stories of the past week. Friday, 20 April 2018 07:27

Aquis boss accuses ACT government of 17-month silence

Aquis boss accuses ACT government of 17-month silence The CEO of Hong Kong’s Aquis Entertainment Limited has accused the Australian Capital Territory government of leaving it in the dark for 17 months over an AU$330 million Canberra Casino development proposal. The accusation follows an ultimatum issued by the government earlier this week giving Aqu... Friday, 20 April 2018 07:18

“Protectionism” harming Macau non-gaming growth: scholar

“Protectionism” harming Macau non-gaming growth: scholar A respected Macau scholar says protectionist policies aimed at supporting locals are in fact harming the government’s own efforts to grow the city’s international tourism appeal. Professor Glenn McCartney, Acting Associate Dean, Faculty of Business Administration at the University of Macau, out... Friday, 20 April 2018 07:06

Current Issue

G2E ASIA AWARDS to debut in 2018

G2E ASIA AWARDS to debut in 2018 Inside Asian Gaming and G2E Asia will co-organize the inaugural G2E Asia Awards in 2018 – the official awards of Asia’s biggest industry  trade show and exhibition, G2E Asia. In an exciting development for the Asian gaming industry, Inside Asian Gaming and G2E Asia announced in March that they... Wednesday, 04 April 2018 14:07

Indian Dreaming: Tiger Palace putting Nepal in the game

Indian Dreaming: Tiger Palace putting Nepal in the game By Ben Blaschke The first integrated resort to be built in South Asia, Tiger Palace Resort in Nepal’s lowland Terai plains sits just eight kilometers from the border with India’s most populous state Uttar Pradesh, home to some 215 million people. At US$52 million it also represents a fascinatin... Wednesday, 04 April 2018 14:12

Digital Danger

Digital Danger As the world becomes increasingly digital, the world’s casino operators are taking cyber security more seriously than ever before. But as leading risk mitigation company Kroll explains, risks remain – and not always where you might expect.  By Ben Blaschke AS cautionary tales go, the downfall... Wednesday, 04 April 2018 14:09

Gaming development outlook along the Belt and Road

Gaming development outlook along the Belt and Road Michael Zhu, SVP of International Planning and Analysis for The Innovation Group, delves into the benefits that Chinese President Xi Jinping’s “One Belt and One Road” initiative will bring to Asia’s gaming industry. By Michael Zhu PRIOR to the current recovery of Macau’s gaming malaise, ... Wednesday, 04 April 2018 14:08