Novo cenário,mais competição?

 set24 Regional competition

Integrated resorts (IRs) must adapt to government expectations and shifting market dynamics to remain competitive, a gaming expert said.

Niall Murray, an expert in IRs, gaming and hospitality, shared insights on the evolving IR landscape during yesterday’s breakfast talk hosted by the France Macau Chamber of Commerce (FMCC).

The event, titled “Growing Regional Competition, Diversification and Its Impact on Integrated Resorts in Macau,” highlighted both the challenges and opportunities facing IRs in Macau and across Asia as they navigate a post-pandemic world.

With a wealth of experience from senior roles at notable establishments like Omni Hotels and the Venetian in Las Vegas, he underscored the growing regional competition Macau faces.

https://macaudailytimes.com.mo/macau-faces-growing-regional-competition-in-a-changing-ir-landscape.html

out23

In the latest investment memo published by Deutsche Bank, analyst Carlo Santarelli notes that Macau gaming operator Sands China, which has been the market share leader, is facing challenges regarding rivalry in both gaming market share and hotel room inventory.

Commenting on Las Vegas Sands, Santarelli mentions that Sands China’s market share of hotel rooms fell from 45 percent to 40 percent as the Galaxy Entertainment Group launched its 7th and 8th hotel, Raffles and Andaz Macau, at its Cotai Integrated Reports. Additionally, its rival Studio City also opened new hotels, including W Hotel.

‘Given we believed, in 2019, mass gaming revenue was somewhat constrained by hotel room capacity, the addition of hotel rooms would have been expected to grow the mass gaming market. Since 2019, hotel room capacity has grown by 10 percent, with the vast majority of the growth occurring on Cotai.

‘Thus, while hotel room growth should add to mass market GGR, it would seem obvious that LVS would be a revenue share donor in this context, despite potentially achieving higher levels of mass revenue, relative to 2019.’

https://agbrief.com/news/macau/05/10/2023/sands-china-faces-challenges-regarding-market-share-and-hotel-room-inventory-deutsche-bank/?utm_source=Asia+Gaming+Brief&utm_campaign=89b36fad18-EMAIL_CAMPAIGN_5_19_2022_13_42_COPY_01&utm_medium=email&utm_term=0_51950b5d21-89b36fad18-69255637&ct=t(EMAIL_CAMPAIGN_5_19_2022_13_42_COPY_01)&goal=0_51950b5d21-89b36fad18-69255637&mc_cid=89b36fad18&mc_eid=31e20475e6


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