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

AGTech wins two more bids for China Sports Lottery

AGTech wins two more bids for China Sports Lottery AGTech Holdings Limited has announced that its wholly-owned subsidiary, Beijing AGTech GOT Technology Co., Ltd. (GOT), has won two more lottery hardware bids for China Sports Lottery in Zhejiang Province and Jilin Province, bringing the total number of successful bids for GOT in 2018 to 10 followin... Friday, 20 July 2018 06:26

Grand Lisboa Palace to open in stages, SJM boss reveals

Grand Lisboa Palace to open in stages, SJM boss reveals Grand Lisboa Palace, the HK$36 billion (US$4.6 billion) integrated resort currently being built in Cotai by SJM Holdings, will be opened in stages as the company races the clock to have the property ready before 2020. The project update was delivered by SJM Vice-Chairman, Executive Director and CEO... Friday, 20 July 2018 06:17

Japan’s IR bill likely to become law today after passing Cabinet Committee

Japan’s IR bill likely to become law today after passing Cabinet Committee Japan’s IR Implementation Bill is expected to finally become law today after passing one last hurdle on Thursday. The IR bill, which allows for the development of Japan’s first integrated resorts in three yet-to-be-specified locations, passed through the Cabinet Committee of the House of Council... Thursday, 19 July 2018 23:58

VIDEO: Week in Review

VIDEO: Week in Review Inside Asian Gaming takes a look back at the biggest stories of the past week. Thursday, 19 July 2018 22:50

Current Issue

Moving ahead

Moving ahead A year after the deadly attack at Resorts World Manila, management continues to reinvent the property to recover and meet the challenge from Entertainment City rivals. By Muhammad Cohen | Editor-at-Large   The tragic events of 2 June 2017 at Resorts World Manila sent shock waves across the Phili... Friday, 29 June 2018 01:32

"This is not a drill..." Gaming businesses must plan judiciously for emergencies such as the Resorts World Manila attack, natural disasters and accidents so they can respond effectively when best plans fail. By Muhammad Cohen   Arson at Resorts World Manila a year ago, Typhoon Hato battering Macau last August and the La... Friday, 29 June 2018 01:24

Five signs that your organizational culture is toxic to customer experience

Five signs that your organizational culture is toxic to customer experience IAG explains the importance of company culture in achieving exceptional customer experience and the five signs that your culture might be toxic to your customer goals. By Sudhir H. Kalé, Ph.D.   Numerous studies on customer experience (CX) highlight the crucial role company culture plays in del... Friday, 29 June 2018 01:18

Height of Luxury

Height of Luxury With the opening of its new luxury hotel at City of Dreams in June, Melco Resorts is looking to take control of Macau’s lucrative premium mass segment. By Ben Blaschke   “We’re not just opening a new hotel today, we’re opening a whole new chapter. We’ve built a landmark for Macau and a... Friday, 29 June 2018 01:08