Facing Facts: Looking back on how Asian operators fared in Q4 2022
Source: MGM China
- MGM China saw a decrease of 44% in full-year revenue, and a decrease of 44% in Q4 revenue year-on-year
- Revenue decreases came after a third year of consecutive lockdown in Macau, as imposed by mainland China
Source: Sands China
- Sands China saw a fall of 44% forFY2022 compared to FY2021
- Q4 2022 revenue, however, rose 72% from Q4 2021
Source: Wynn Macau & Palace
- Wynn Resorts’ Macau operations, from both Wynn Macau and Wynn Palace, were down a marked 52% year-on-year
- For Q4 2022 specifically, revenue decreased 42% year-on-year
Source: Galaxy Entertainment
- Galaxy Entertainment suffered losses in Macau, too, in a trend which saw the region’s operators lose significant revenue year-on-year
- The operator’s full-year revenue decreased 42% year-on-year; its Q4 revenue also dropped 39% year-on-year
Source: SJM Holdings
- Q4 2022 revenue decreased 47% year-on-year for SJM Holdings
- Full-year revenue represented a decrease of 37%
Source: Melco
- Melco’s full-year 2022 revenue dropped HK$5.17bn, while Q4 saw a decline of HK$1.13bn
- Results play into a wider trend of year-on-year declines for Macau-based operators
Source: Bloomberry Resorts
- The 2022 picture is far different in the Philippines, with full-year revenue up 81% year-on-year
- Q4 2022 revenue for the operator, which managed the casino resort Solaire, also rose 84% from the prior-year period
Source: Genting Berhad
- Malaysia-based Genting Berhad has seen full-year 2022 and Q4 2022 increase from 2021, much like Bloomberry Resorts in the Philippines
- This paints a picture of wider recovery in Asia for 2022, as opposed to Macau which continued its downward trend amid Covid-19 restrictions
- More recently, Macau has started to return to strength; this will be better reflected in 2023 data. 2022 remained a tough year
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