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

SKYCITY signs construction agreement for Adelaide Casino expansion

SKYCITY signs construction agreement for Adelaide Casino expansion SKYCITY Entertainment Group has signed a construction agreement with Hansen Yuncken for the AU$330 million redevelopment and expansion of Australia’s Adelaide Casino. The agreement with the leading building contractor covers a 27-month construction period from the date of commencement and include... Monday, 21 May 2018 07:14

POGO rules hurt LRWC 1Q18 results but casino division strong

POGO rules hurt LRWC 1Q18 results but casino division strong Leisure & Resorts World Corporation (LRWC) – the Philippines gaming company looking to partner with Galaxy Entertainment Group in developing an integrated resort in Boracay – saw its revenue fall slightly by 2% to Php3.86 billion (US$74 million) in 1Q18, its online operations taking a hit fr... Monday, 21 May 2018 07:00

VIDEO: G2E Asia 2018 highlights

VIDEO: G2E Asia 2018 highlights Inside Asian Gaming takes a visual look back at G2E Asia 2018 . Monday, 21 May 2018 06:44

Aquis granted Canberra extension as Justin Fong quits

Aquis granted Canberra extension as Justin Fong quits Australian-listed Aquis Entertainment has been granted an extension by the ACT government to the original 14 May deadline to submit a revised proposal for its planned multi-million dollar expansion of Casino Canberra. But the company will have to complete any such proposal without one of its key di... Saturday, 19 May 2018 18:49

Current Issue

Macau and Japan: Licensing looms large

Macau and Japan: Licensing looms large The next few years are set to be the most crucial period ever in the Asian gaming industry – one which will lay the ground rules for decades to come in the world’s largest gaming market and what’s set to become the world’s second largest. By Ben Blaschke and Andrew W Scott Macau and Japan ... Monday, 30 April 2018 12:39

Pachinko: Japan's Unlucky Loser

Pachinko: Japan's Unlucky Loser Japan’s preparations for integrated resorts are hitting pachinko harder than the actual casinos ever will. By Muhammad Cohen Japan won’t open its first integrated resort for years, if ever, but the IRs already have their first loser, the country’s unique and ubiquitous pachinko business. Pac... Monday, 30 April 2018 12:33

Responsible Gaming in Japan: Bill to be key to Japan’s Gaming Market

Responsible Gaming in Japan: Bill to be key to Japan’s Gaming Market Global Market Advisors’ Brendan D Bussman runs through the pros and cons of Japan’s problem gambling legislation. By Brendan D Bussmann As Japan continues to look at the development of integrated resorts (IR), many people engaged and following the market are focused on the IR Implementation Bi... Monday, 30 April 2018 12:28

Safety First

Safety First The International Association of Gaming Advisors (IAGA) will hold its 37th annual International Gaming Summit during G2E Asia from 14 to 16 May at Four Seasons Macao. Among the many insightful seminars and events that will comprise IAGA’s summit is a responsible gaming workshop to be held on Wedne... Monday, 30 April 2018 12:12