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Asian companies dominate the latest list of the top 50 gambling firms by market capitalisation, produced by Global Betting and Gaming Consultants (GBGC).
The list, updated at the beginning of January, sees seven Asian companies in the top ten. Although Las Vegas Sands of the U.S. is the world’s biggest gaming firm by market cap, the second, third and fourth places are all taken by Asian companies – Sands China, Wynn Macau, and Genting Singapore respectively.
SJM Holdings and Galaxy Entertainment, both of Macau, take the sixth and seventh spots respectively, while Genting Malaysia is eighth and MGM China Holdings is tenth.
Apart from Las Vegas Sands, the only non-Asian firms in the top ten are Wynn Resorts, at number five, and International Game Technology (IGT), the sole supplier, in ninth place.
Said Lorien Pilling, GBGC’s research director: “The inclusion of so many Asian-based firms in the GBGC 50 Index simply reflects the fact that Asia has become the largest gambling region in the world, overtaking Europe and North America. Macau will post another set of record gaming revenues for 2011, while the integrated resorts in Singapore have both been successful in their first full calendar year of operations.”
GCGC predicts that by 2015, Asia’s casinos will account for 48 percent of the global market, thanks to continuing growth in Macau and Singapore as well as new operations in the Philippines and Vietnam. The possible development of casino resorts in Japan could also help push up Asia’s market share.
A recent forecast by PricewaterhouseCoopers broadly concurred with GBGC’s outlook, although it suggested that Asia would have a slightly lower market share of 43 percent in 2015, up from about 30 percent today.
And Asia’s casino companies are not just big, they are also among the best at delivering value to shareholders, the GBGC research suggests. Galaxy Entertainment’s share price rose by 53 percent over the last year, while stock in two other Macau operators, Kingston Financial and Melco Crown, rose 51 and 45 percent respectively.
