Casino

Sands China to continue as biggest local operator for five years

Wednesday 01 de May 2019 / 13:26

⏱ 1 min read

(Macau).- Sands China will continue to be the biggest local operator in terms of mass market and non-gaming for five years, according to a note from brokerage Sanford C. Bernstein.

Sands China to continue as biggest local operator for five years

According to the note, the upscaling and expansion of Sands China’s Macau properties will provide a near-term catalyst to 2020 or 2021 to sustain growth in profits.

In addition, Sands China is viewed as a front-runner for the race to enter the Japanese integrated resort market, which is viewed as one that will surpass Singapore’s market size.

In a note from ratings agency Fitch, Las Vegas Sands (the parent company of Sands China) is viewed as the best positioned company among global gaming operators due to its orientation to the mass market, despite poorer performance at Marina Bay Sands.

Fitch notes that the 2018 mass market share in table game revenue in Macau was 31 per cent, which comprises nearly 70 per cent of Las Vegas Sands’ gross gaming revenues.

The note also states that Sands China’s holdings are geographically diversified with a duopolistic position in Singapore, strong mass market offerings in both Macau and Singapore and it is considered a strong contender for the opportunity to establish an integrated resort in Japan.

Categoría:Casino

Tags: casinos,

País: Macao

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