Las Vegas Sands Corp. Message Board
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February Market Share Numbers
Macau GGR market share in February 2013
3/5/2013 from Macau Business Daily
– according to figures supplied by the Lusa news agency –
SJM Holdings Ltd 25.5 pct
Sands China Ltd 21.5 pct
Galaxy Entertainment Group Ltd 18.6 pct
Melco Crown Entertainment Ltd 12.5 pct
Wynn Macau Ltd 11.5 pct
MGM China Holdings Ltd 10.1 pct.
Note, I hate Lusa with a passion and from the more reputable analyst estimates I'm seeing, LVS February 2013 market share is 21.4 %. So, we have a 100 basis point market share increase from January to February 2013 per the reputable estimates and 110 basis point increase if you care to believe Lusa.
So, let's see, February 2013 GGR was $3.4 billion and 1% of that is $34. Not a bad incremental improvement, but our total share is $727.6 million, that's a lot of chips!
SEASentiment: Strong Buy
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Per ABC's historical market share post below, you would expect the Lunar New Month to be strong for Sands given their emphasis on Mass Markets and the fact that LNY is typically a mass market holiday period. From ABC's table, last month's 21.5% is the best share listed in the post Steve Jacobs era.
Note that last year, LNY fell in January and Sand's share hit 19% for the first time in over a year in that month.
Note too that in 2011, LNY fell in early february and it was the last time until the NEXT LNY that Sand's share was as high as 18%.
Of course, market share is not hold adjusted so it can jump around a bit.
I'd be pessimistic about Sands putting up another 21.5% share this month except that I don't think they had time to fully deploy their 200 new gaming tables in time for LNY and I'm sure they're all coming on stream for march. I also believe that they were ramping up the last of Venetian's remodeled VIP suites in the days following LNY so we may get a minor kick out of that.
Had all 400 new Cotai Central gaming tables been 100% active and balanced between resorts, I'd be inclined to be disappointed in the 2.5% YOY share gain, but I don't think they were. Also, because LNY fell on Sunday the 10th of february, I don't believe it could have fallen on a WORSE day of the month in terms of it's impact on gaming revenues...
... I put up another post on that topic yesterday.
GLTA, Spok- 1 Reply to bjspokanimal
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If that increased market share is mostly due to overflowing mass market, then Sands hold should be better as there would be no rolling chip commission.
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History of Market Share:
................... SJM .. Sands . Galaxy . MPEL . WYNN . MGM
Jan-2011 .. 31.0% .. 18.0% . 11.0% . 15.0% . 14.0% . 10.5%
Feb-2011 .. 32.0% . 18.0% ... 9.0% . 15.0% . 15.0% . 11.0%
Mar-2011 .. 34.0% . 16.0% . 12.0% . 14.0% . 14.0% . 11.0%
Apr-2011 .. 30.0% . 17.0% .. 9.0% .. 19.0% . 16.5% . 11.0%
May-2011 . 33.6% .. 15.4% . 13.6% .. 13.6% . 12.7% . 11.1%
Jun-2011 .. 29.0% . 16.0% . 15.5% .. 14.0% . 15.0% . 10.5%
Jul-2011 ... 28.0% . 14.0% . 19.0% .. 16.0% . 15.0% .. 8.0%
Aug-2011 .. 27.0% . 14.0% . 20.0% . 15.0% . 13.0% . 11.0%
Sep-2011 ... 29.9% . 13.1% . 19.1% .. 17.4% . 10.9% . 9.6%
Oct-2011 .. 26.0% . 14.0% . 21.0% .. 15.0% . 13.0% . 11.0%
Nov-2011 . 27.0% . 16.0% . 20.0% . 13.0% . 13.0% . 11.0%
Dec-2011. . 27.0% . 16.0% . 20.0% . 14.0% . 14.0% . 9.0%
................... SJM .. Sands . Galaxy . MPEL . WYNN . MGM
Jan-2012 .. 27.0% .. 19.0% . 19.0% . 13.0% . 13.0% . 10.0%
Feb-2012 .. 28.5% .. 19.0% . 17.0% . 13.5% .. 12.5% ... 9.5%
Mar-2012 .. 27.0% . 17.0% . 20.0% . 14.0% . 12.0% . 10.0%
Apr-2012 .. 25.0% .. 18.0% . 21.0% . 13.5% .. 12.5% . 10.0%
May-2012 . 29.0% .. 17.0% . 20.0% . 12.0% . 11.0% . 11.0%
Jun-2012 .. 26.0% .. 18.0% . 23.0% . 13.0% . 12.0% ... 9.0%
Jul-2012 ... 26.0% .. 22.0% . 19.0% . 13.0% .. 11.0% ... 9.0%
Aug-2012 .. 26.0% .. 19.0% . 21.0% . 13.0% .. 12.0% .. 10.0%
Sep-2012 ... 27.0% .. 18.0% . 18.0% . 14.0% .. 13.0% .. 10.0%
Oct-2012 ... 26.9% .. 20.9% . 19.2% . 14.0% .. 10.1% .. 8.9%
Nov-2012 ... 27.5% .. 20.8% . 19.2% . 13.8% .. 10.1% .. 9.6%
Dec-2012 ... 26.0% .. 21.0% . 18.0% . 13.5% .. 10.0% .. 11.0%
................... SJM .. Sands . Galaxy . MPEL . WYNN . MGM
Jan-2013 .. 26.9% .. 20.1% . 18.8% . 14.2% . 11.1% . 8.9%
Feb-2013 .. 25.5% .. 21.5% . 18.6% . 12.5% .. 11.5% ... 10.1%- 2 Replies to abcsurfnet
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Thank you ABC! GL
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Thanks for the great work abc.....
At 21.5% LVS has #$%$ second highest Market Share % ever, 22% was the highest it's been..
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It appears Haitong International liked the numbers
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May be abc.... will stop by today and give us the history
- 1 Reply to mrtaxx
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Posted it for you taxx
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For whatever the reason, so far tonight, Mpel is up and all the other major Asian casinos are down/ Wynn, SJM, Galaxy ans SCL are all down.
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2 years ago, Melco stole market share from Sands, its stock doubled ever since.
Melco traders (many of them are also LVS mon'keys) boasted they don't care about mass market.
COD casino floor is always always quiet.
Later, Galaxy stole Melco's market share.
Galaxy also doubled ever since.
Meanwhile, LVS just froze at $50 upper range.
In one year, SCL also doubled.
Only LVS is left in the cold.
So, I say this market share statistics does not correlate to LVS.
Melco/LVS mon'keys are making it worse by demanding this data like bible.
It gives crooked 'Lusa/junket' in Macau a chance to manipulate stock prices.
Plus, option mon'keys have extra bashing materials in this MSG board. -
LVS share for February is 731 million.
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I would like to see LVS' market share move to at least the same percentage of total tables in Macau.
- 1 Reply to mbablitz
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As mass continues double digit growth, that will happen in the near future. Everything is lining up.
Sentiment: Strong Buy
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I guess none of the analyst felt that this was news worth reporting to the market yesterday.
Sentiment: Strong Buy
- 1 Reply to cronjms
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As with all media these days, analysts generally focus only on news which supports their position so that they don't look stupid...too late.
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It appears that the wait for the numbers was worth it. Thanks.
Sentiment: Strong Buy
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