Macau GGR down 12 percent in first half
Macau’s gross gaming revenues for the first half of the year are down 12 percent compared with the same period in 2008.
Revenues in the Chinese gambling enclave hit 51.5 billion patacas (US$6.52 billion) through June, the Macao Post Daily reported, citing government sources. Second-quarter GGR was 25.5 billion patacas (US$3.23 billion), down 2 percent compared with the first quarter.
SJM, the operating company owned by local magnate Stanley Ho, led the market in the first half with a 30 percent share of revenues. U.S.-based Las Vegas Sands, which runs the largest casino, Venetian Macao, was second with 26 percent. U.S.-based Wynn Resorts was third with 14 percent, followed by Galaxy Entertainment, Melco Crown Gaming and MGM Grand Macau, owned by U.S.-based MGM Mirage.
The six concessionaires run 32 casinos in total, counting Melco Crown’s City of Dreams megaresort, which opened in June. SJM controls 19 of them.