UBS released a research report indicating that WYNN MACAU (01128) experienced a significant rise in gaming revenue market share in September, with a month-over-month increase of approximately 200 basis points, driving its third-quarter market share up 150 basis points quarter-over-quarter. SJM HOLDINGS (00880) recorded the second highest market share increase, with September market share rising approximately 50 basis points month-over-month, though it still declined 30 basis points for the third quarter overall.
The firm further noted that SANDS CHINA LTD (01928) and GALAXY ENT (00027) saw their September market shares decline by approximately 100 basis points and 150 basis points month-over-month respectively, but on a third-quarter basis, they increased by approximately 70 basis points and 40 basis points quarter-over-quarter respectively. Melco (MLCO.US) and MGM CHINA (02282) maintained flat market shares in September, but their third-quarter performance showed declines of 120 basis points and 100 basis points respectively.
Relative to market expectations, GALAXY ENT and WYNN MACAU's market shares exceeded forecasts, while MGM CHINA, SANDS CHINA LTD, and SJM HOLDINGS fell short of expectations.