Wynn emerges as market-share leader in March: Citi

Wynn Macau Ltd, the operator of Wynn Macau and Wynn Palace, emerged as the market-share leader in the March survey, capturing 25% of the observed wager amounts, according to Citigroup,

However, the institution expressed surprise at MGM China Holdings Ltd’s estimated 21% share, placing it in third position.

The analysts, as cited in a GGRAsia report, highlighted that the gaming volumes observed at MGM Cotai in March were comparable to those during the Chinese New Year in 2024, with around HKD1.09 million distributed across 50 players.

They speculated that players were fond of the newly renovated high-limit area at MGM Cotai.

The survey’s “player of the month” placed a HKD400,000 bet at the Supreme room at the MGM Macau on the peninsula, as noted by the analysts.

Citigroup said MGM China had introduced two additional baccarat tables with insurance bet options at MGM Macau, where a customer played using an insurance bet at a 10 to 1 payout ratio, resembling the behavior of a financial markets “option trader.”

Surprisingly, Citigroup observed HKD1 million in total premium mass wagers at MGM Cotai for the second consecutive month, despite March not being a Chinese-mainland holiday season.

In terms of operational trends, Citigroup reported that Melco Resorts & Entertainment Ltd transformed its Qi Long club at City of Dreams into a semi-open area, designating the Dragon Palace as the sole members-only premium mass room at the property. Staff Reporter