Inside Asian Gaming

INSIDE ASIAN GAMING OCTOBER 2018 10 MACAU’S ENTERTAINMENT HUB of Cotai has seen its total share of the local gaming market climb above 60% for the first time, reaching 61.2% in 2Q18 according to a report by Melco Resorts. Melco also calculates Cotai’s mass market share at an all-time high of 64.2%. Cotai is home to Melco’s City of Dreams and Studio City properties, as well as Galaxy Macau, Wynn Palace, MGM Cotai and Sands China’s quartet of the Venetian, Sands Cotai Central, Parisian Macao and The Plaza. According to Melco’s report, Cotai’s share of GGR has risen from 45.5% in early 2014 – when neither Studio City, the Parisian, Wynn Palace nor MGM Cotai were operational – to its current high of 61.2% midway through 2018. The report calculates that Cotai’s total market share had held steady at 59.9% through 4Q17 and 1Q18, while mass market share is up from 63.3% in the first quarter. Cotai also holds 59.9% of the 4 and 5 star guestrooms in Macau, the company said, up from 47.0% in 1Q14 and from 58.5% in 2Q17 COTAI MOVES ABOVE 60% OF MACAU MARKET SHARE