SJM Holdings (0880) said it continues to be the gaming leader in Macau, with its market share by revenue expanding to 30.9 percent in October.
"The improvement is in part due to the gradual ramping up of its new casino L'Arc, which opened in September," said Nomura analyst Kenneth Fong.
SJM's market share was 26 percent in August, according to Fong, who has a "buy" rating for the casino operator.
Macau's gaming revenue surged 42 percent year- on-year to 12.6 billion patacas (HK$12.2 billion) last month while growing 17 percent from September, Portuguese news agency Lusa said.
"As expected, the news of the retightening of visa restrictions [for mainland visitors] had a limited impact on gaming revenue," JPMorgan analyst Billy Ng wrote in a report. "We believe gaming revenue growth will continue to be strong for the rest of the year."
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SJM said it controls 42.9 percent of the mass market sector and 27.5 percent of the VIP gaming market.
Las Vegas Sands' market share, meanwhile, rose to 24 percent in October from 20 percent the previous month.
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