Citigroup survey: Sands leads premium mass segment in Macau

According to a recent note from Citigroup Global Markets Inc., Sands China Ltd is currently the market leader in Macau’s “premium mass” gambling segment. Analysts George Choi and Ryan Cheung noted that Sands China has an approximately 24% market share in total wager observed, dethroning Galaxy Entertainment Group Ltd. The premium mass segment, which involves cash play at high minimum bets, has been identified as a key area for Macau-operator competition under the new concessions. The February edition of Citigroup’s survey saw only 249 premium mass players market-wide, with an average bet size of HKD17,992 per hand. However, recovery in premium mass continues to outpace that of Macau’s overall visitor arrival recovery. Wynn Macau Ltd was seen as the most improved operator, with a 22% share of premium mass wagers according to Citigroup’s February survey. MGM China Holdings Ltd might be experiencing some normalization in premium mass market share this month.

Source: GGRAsia.com