Inside Asian Gaming

IAG DEC 2022年12月 亞博匯 20 MACAU CONCESSIONAIRES REPORTED COMBINED US$558 MILLION EBITDA LOSS IN 3Q22: DEUTSCHE BANK 德 意 志 銀 行 ： 澳 門 承 批 公司在2 0 2 2 年第三季度 EBITDA合計虧損5.58億美元 MACAU’S GAMING CONCESSIONAIRES reported combined Property EBITDA losses of US$558 million in the three months to 30 September 2022, according to data compiled by Deutsche Bank Securities. In a market recap published after the last of Macau’s six concessionaires released their 3Q22 results, Carlo Santarelli – Managing Director of Deutsche Bank’s Gaming & Lodging Research – said industry margins had fallen by 65% versus 3Q19 on an 89% decline in net revenue, resulting in the US$558 million EBITDA loss. Analysts had previously predicted EBITDA losses in the vicinity of US$600 million. GGR compared to the pre-COVID period declined by 70% year-on-year and 92% compared with 3Q19, with mass down 66% on 3Q21 and 89% on 3Q19 while VIP was down 86% and 98% respectively. According to Santarelli, SJM, Sands China and Wynn Macau gained market share in mass gaming while Sands China and Melco Resorts were gainers in VIP. Galaxy Entertainment Group was the last of the six concessionaires to report its Q3 results, reporting a US$74 million EBITDA loss on a 75% year-on-year decline in gaming revenues. Macau’s Gaming Inspection and Coordination Bureau (DICJ) had previously announced industry-wide GGR from games of fortune of MOP$5.55 billion (US$689 million) in the three months to 30 September 2022, with VIP baccarat contributing just 20.8% of all Macau GGR for the quarter. 根據 德意志銀行彙編的數據，截至2022年9月30日的三個月內， 澳門承批公司的物業EBITDA合計虧損5.58億美元。 在澳門六大博企全部都公佈2022年第三季度業績之後，德 意志銀行博彩與住宿研究董事總經理Carlo Santarelli發佈一份 市場簡報。他表示，澳門博彩行業利潤較2019年第三季度下降 65%，淨營收下降89%，導致EBITDA虧損5.58億美元。 分析師此前曾預測EBITDA的損失在6億美元左右。 相較疫前，博彩總收入按年下降七成，較2019年第三季度相 比下降92%。中場則較去年及2019年分別下降66%及89%；貴 賓博彩則分別下降86%及98%。 Santarelli認為，澳娛綜合、金沙中國及永利澳門在中場博 彩市場的份額有所增加，而金沙中國及新濠在貴賓市場的份額有 所增長。 銀河娛樂集團是六家博企中最後一家公佈其第三季度業績的 公司，該集團報告稱，博彩收入按年下降75%，EBITDA虧損為 7,400萬美元。 澳門博監局此前曾公佈，截至2022年9月30日的三個月內， 全行業博彩總收入為55.5億澳門元（6.89億美元），其中貴賓百 家樂僅佔當期澳門博彩總收入的20.8%。