FACING FACTS

Gambling Insider takes a closer look at various facts and figures from Asia-focused operators from the fourth quarter and full year 2022

MGM China FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

MGM China revenue (HK$ billion)

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

Sands China FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

Sands China revenue (HK$ billion)

Sands China FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

Source: Sands China

• Sands China saw a fall of 44% for FY2022 compared to FY2021

• Q4 2022 revenue, however, rose 72% from Q4 2021

Wynn Macau & Palace FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

Wynn Macau & Palace FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

Wynn Macau & Palace revenue (HK$ billion)

Galaxy

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

FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

Galaxy Entertainment revenue (HK$ billion)

Galaxy Entertainment FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

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

FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

SJM Holdings FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

SJM Holdings revenue (HK$ billion)

Source: SJM Holdings

• Q4 2022 revenue decreased 47% year-on-year for SJM Holdings

• Full-year revenue represented a decrease of 37%

Melco FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

Melco revenue (HK$ billion)

Melco FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (HK$ billion)

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

Bloomberry Resorts FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (PHP billion)

Bloomberry Resorts FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (PHP billion)

Bloomberry Resorts revenue (PHP billion)

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

Genting Berhad FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (RM billion)

Genting Berhad revenue (RM billion)

Genting Berhad FY2022 against FY2021 revenue/Q42022 against Q42021 revenue (RM billion)

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