Asian firms continue to dominate the GBGC 50 – Global Betting and Gaming Consultants’ index of the 50 largest gambling companies by gambling market capitalisation (as measured by gambling market capitalisation, ie adjusted for the share of revenues derived from gambling) - following its latest update at the start of January 2012. There are seven Asian-based firms in the new top 10, led by Sands China at number 2, followed by Wynn Macau (#3) and Genting Singapore (#4). Las Vegas Sands (#1) and Wynn Resorts (#5) also have significant revenues from Asian jurisdictions.
“The inclusion of so many Asian-based firms in the GBGC 50 Index simply reflects the fact that Asia has become the largest gambling region in the world, overtaking Europe and North America. Macau will post another set of record gaming revenues for 2011, whilst the integrated resorts in Singapore have both been successful in their first full calendar year of operations,” explained Lorien Pilling, GBGC’s Research Director.
By 2015 GBGC forecasts in its Global Gambling Report – Betting On Regulation that Asia’s casinos will account for 48% of the entire global casino market. This figure takes into account the prospect of continued growth in Singapore and Macau, new gaming properties opening in the Philippines and Vietnam, and the possibility of Japan creating integrated resorts.
Asian listed firms were also amongst the best performing shares over the last year. Galaxy Entertainment was the best performer in the Index and saw its share price rise by 53% over the year. The company opened its new Galaxy Macau casino in May 2011. Close behind Galaxy Entertainment was Kingston Financial (formerly Golden Resorts), which owns two casino hotels and offers entertainment services in Macau (up 51%), and Macau casino operator Melco Crown (up 45%).
If these forecasts and projects come to fruition then it is certain that Asian firms will continue to fill the top positions in the GBGC 50 Index for many years to come.
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Specialist international gambling consultancy Global Betting and Gaming Consultants (GBGC) compiles two gambling specific stock market indices:
The GBGC 50: consists of the 50 largest gambling companies by their gambling market capitalisation.
The iGBGC: consists of the 10 largest Internet/interactive gambling companies by their gambling market capitalisation.
GBGC tracks the rise and fall of the indices as the fortunes of the constituent gambling companies wax and wane.
The total gambling market cap (i.e. market cap adjusted for share of revenues derived from gambling) of the 50 largest gaming companies in January 2012 decreased by 5% compared to April 2011, to US$185.3 billion.
Between January 2011 and January 2012 the GBGC 50 Index fell from 121.0 to 118.4, a decline of 2.2% over the course of 12 months. This, however, was a better performance than the iGBGC Index of I-gaming companies which fell by 7.7% over the year from 269.1 to 248.5.
GBGC has established itself as the most credible specialist international gambling consultancy in the world. The company has work with or supplied information to over 400 clients the majority of whom are 'blue chip'.
In addition to its consultancy GBGC has produced six reviews of the global gambling market that have been widely acknowledged to be the best available both in terms of both their detail and accuracy. The latest Global Gambling Report was published in April 2011 and extends to over 1,500 pages, covering more than 250 individual markets on every continent. (E-01.16.12)
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