Macau May Gambling Revenue Jumps Nearly 95% To Record High - Report
June 02 2010 - 3:59AM
Dow Jones News
Macau's gross gambling revenue in May jumped nearly 95% from a
year earlier to hit a record high of more than MOP17 billion
(US$2.12 billion), Portuguese news agency Lusa reported
Tuesday.
Among Macau's six casino license-holders, tycoon Stanley Ho's
SJM Holdings Ltd. (0880.HK) continued to lead the market with a
share of slightly above 32%, followed by Las Vegas Sands Corp. unit
Sands China Ltd. (1928.HK) with just under 20%, and Wynn Resorts
Ltd. unit Wynn Macau Ltd. (1128.HK) with nearly 16%, according to
the report.
Melco Crown Entertainment Ltd. (MPEL) had a market share of
about 14%, Galaxy Entertainment Group Ltd. (0027.HK) around 11% and
MGM Macau, a joint venture between Pansy Ho and MGM Mirage (MGM),
about 7%, Lusa reported.
May's gross gambling revenue surpassed the previous record hit
in April, when it topped MOP14.1 billion.
-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002;
kathryn.okeeffe@dowjones.com
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