Macau’s Q3 property EBITDA margins surpass 2019 level – Deutsche Bank
Thursday 16 de November 2023 / 12:00
2 minutos de lectura
(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.
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
Event
SBC Summit 2025
16 de September 2025
Amatic Shines at SBC Summit Lisbon with Innovation and Legacy
(Lisbon, SoloAzar Exclusive).- At SBC Summit Lisbon, Amatic showcased a combination of continuity and innovation across its two brands, Amatic Online and Wildcat Gaming. Exclusive testimonials.
Friday 03 Oct 2025 / 12:00
Sportradar at SBC Summit Lisbon 2025: AI, Integrity, and Brazil’s Rising Influence in Global Gaming
(Lisbon, SoloAzar Exclusive).- Fernando Mora, Senior Sales Executive at Sportradar, reflects on a milestone presence at SBC Summit Lisbon 2025, where innovation, responsible growth, and Brazil’s emergence took center stage. Discover how Sportradar is shaping the future of sports betting through AI-driven solutions and global partnerships.
Thursday 02 Oct 2025 / 12:00
ProntoPaga Strengthens Its Position at SBC Summit Lisboa as a Leader in Digital Payments for iGaming in Latam
(Lisbon, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, shared the company’s achievements and progress during SBC Summit Lisboa 2025, where they reached a record number of strategic meetings. The team presented their 360° solution for the iGaming ecosystem, highlighted their leadership in local payments and instant payouts, and outlined the tech trends set to shape the future of the sector in Latin America.
Wednesday 01 Oct 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.