Based on channel checks, the average daily GGR for QTD has increased by around 3% compared to the previous quarter, while the average daily VIP gaming revenue has increased by about 15%, UBS wrote in its research report.

SANDS CHINA LTD (01928.HK)  +0.220 (+1.055%)    Short selling $61.76M; Ratio 14.772%   continued to hold the largest market share in August, with a MoM growth of around 150 bps, which the broker attributed to seasonal summer factors, intensified market promotions, and the room availability at The Londoner Macao since April.

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In addition, Melco Resorts & Entertainment (MLCO.US)      saw its market share rebound by 150 bps in August, narrowing the QTD market share decline to 140 bps QoQ. GALAXY ENT (00027.HK)  +0.040 (+0.095%)    Short selling $28.36M; Ratio 4.515%   's market share grew by 50 bps, achieving a QTD increase of 70 bps. MGM CHINA (02282.HK)  -0.180 (-1.094%)    Short selling $9.45M; Ratio 5.806%   saw a MoM decline of 250 bps, with a QTD market share drop of 60 bps, but it still remained in the mid-double-digit range.

WYNN MACAU (01128.HK)  +0.010 (+0.146%)    Short selling $2.11M; Ratio 5.627%   experienced a MoM decline of 100 bps in market share, but still achieved a QTD growth of 100 bps. SJM HOLDINGS (00880.HK)  +0.010 (+0.347%)    Short selling $3.53M; Ratio 8.871%   maintained its market share in August but saw a QTD decline of 50 bps.

UBS noted that SANDS CHINA LTD held a 23.5% market share in Macau's gaming industry in August, GALAXY ENT 21.5%, WYNN MACAU 13%, Melco Resorts & Entertainment 15%, MGM CHINA 15%, and SJM HOLDINGS 12%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-12 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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