Sands China extended its market share leadership in 2023

Macau gaming operator Sands China has secured its leadership in the gaming industry, according to data provided by Deutsche Bank.

Sands strengthened its overall leadership with 25.6 per cent of the gaming market share in Macau, increasing from 24.4 per cent by the end of 2022.

In the mass segment, Sands extended its market share from 24.5 per cent in 4Q22 to 26.6 per cent at the end of last year.

In the same note, Deutsche Bank reaffirmed that Macau’s mass market had already recovered to 105 per cent of 4Q19 levels, while its VIP revenue was still 77 per cent lower than the 2019 levels. This is attributable to the VIP gaming crackdown by the Chinese government.

Sands China’s VIP market share stood at 17.2 per cent, while Wynn leads the VIP market with 20.5 per cent of VIP market share.

Source: Asia Gaming Brief