UBS: Wynn Macau's market share in September gaming revenue significantly increased, exceeding expectations

AASTOCKS
2025.10.13 04:01

UBS published a research report indicating that Wynn Macau (01128.HK) saw a significant increase in its market share in September, rising by approximately 200 basis points month-on-month, which drove its market share up by 150 basis points quarter-on-quarter for the third quarter. The company with the second-highest increase in market share was SJM HOLDINGS (00880.HK), which saw a month-on-month increase of about 50 basis points in September, but still fell by 30 basis points in the third quarter.

The report continued to state that Sands China (01928.HK) and Galaxy Entertainment Group (00027.HK) experienced month-on-month declines in market share of approximately 100 basis points and 150 basis points, respectively, but saw increases of about 70 basis points and 40 basis points quarter-on-quarter for the third quarter. Melco Resorts & Entertainment (MLCO.US) and MGM CHINA (02282.HK) had flat market shares in September, but saw declines of 120 basis points and 100 basis points, respectively, in the third quarter.

Relative to market expectations, Galaxy Entertainment and Wynn's market shares were higher than expected, while MGM, Sands China, and SJM HOLDINGS were lower than expected

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