Gaming activity in Macau last month beat analysts’ predictions and, according to figures released by the Gaming Inspection and Coordination Bureau (DICJ), gross gaming revenue reached MOP17.35 billion (US$2.17 billion), up 42.1% from November 2009. This year accumulated gross revenue for the eleven months is up 56.9% from a year ago. A new pecking order has emerged in November in the struggle for market share, although Sociedade de Jogos de Macau still retains an impressive lead at 31%.

Last month Wynn Macau outperformed rival Sands China, taking second place with 17% of market share. Sands dropped to 15%, just marginally higher than Melco Crown Entertainment. MGM Macau and Galaxy Entertainment Group held 11% and 10% of the market respectively. November was the second highest month for casino revenue so far this year, behind the traditional gambling month of October when China’s Golden Week holiday is celebrated. In October 2010 gaming revenue reached US$2.4 billion, just short of a 50% rise from October 2009.

In October the director of the DICJ Manuel Joaquim das Neves, was reported as saying that gaming revenue would increase more than 50% year-on-year. He has already been proved right although with the addition of December figures his prediction may be somewhat conservative. At the start of the year he was looking for a 10% - 20% rise, a figure swiftly revised as the year progressed. After the DICJ released the figures for November, Hong Kong-listed casino stocks rose yesterday. (E-12.02.10)

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