After the latest update of the GBGC 40 index, Global Betting and Gaming Consultants reported that the collective losses of the 50 largest gaming companies in the world amount to more than $100 billion in market value for 2014.
The index of Global Betting and Gaming Consultants trails the performance of the 50 biggest gaming companies by market share on a global scale. The index is also concentrated mainly on their gaming a and does not provide any breakdown of market value by company. Both companies, which are eligible to provide gaming services, and casino operators are included in the index.
The Isle-of-Man-based firm revealed that the financial worth of the GBGC 50 index declined by 28% from the previously reported 237 points and reached 172 points in the period from January 2014 to January 2015.
According to the report made by Global Betting and Gaming Consultants, the total market value of the 50 largest gaming companies amounted to 4249.8 billion at the beginning of 2015. The numbers are lower than the previous ones of $350.9 billion, which were posted a year ago.
The firm that complied the GBGC index explained the disappointing results with the fact that gaming stocks in Macau, which occupy the leading stands of the line-up, have been recently performing quite poorly. The conditions in Macau are considered to have been seriously hurt primarily by its dependence on high-roller players.
According to latest data updates, it is James Packer and Sheldon Adelson, who are most seriously affected by the Macau crisis. In addition, there have been index ranking’s reshuffling, too. For example, the controlling company Las Vegas Sands Corp. has replaced its subsidiary Sands China Ltd in the top.
Still, there were not considerable changes in the top ten gaming companies’ ranking, according to the 50 index of Global Betting and Gaming Consultants.
The first position in the ranking is taken by Las Vegas Sands, immediately followed by Sands China.
The company that occupies the third place in the index is Galaxy Entertainment Group Ltd, followed by Wynn Macau Ltd. Then, the fifth and sixth positions are taken by Melco Crown Entertainment Ltd and Wynn Resorts Ltd, respectively. All these companies were at the same positions exactly a year ago, which makes large part of the index remain intact.
There has been a reshuffling in the seventh and eight place, with MGM China Holdings Ltd and SJM Holdings Ltd changing places. The ninth position also remained unaltered, with Genting Singapore Plc occupying it. Another subsidiary of its parent company – Genting Malaysia Bhd was ranked tenth.
All of the above-mentioned companies run successful businesses in the rest of the Asian countries and have been focused on signing contracts for a variety of projects. On the other hand, their performance in Macau has been suffering from the conditions in the region. This is why January 2015 is likely to be the seventh consecutive month of turnover decline, despite the fact a slight revenue growth is expected in 2015.
