Zhi Tong Cai Jing·2025-10-13 07:10Core Viewpoint - UBS report indicates that Wynn Macau (01128) significantly increased its market share in September, rising approximately 200 basis points month-over-month, contributing to a quarterly increase of 150 basis points in Q3 [1] Group 1: Market Share Changes - Wynn Macau's market share in September rose significantly, leading the market with a 200 basis points increase month-over-month and a 150 basis points increase quarter-over-quarter [1] - The second highest market share increase was observed in SJM Holdings (00880), which saw a month-over-month rise of about 50 basis points in September, but a decline of 30 basis points in Q3 [1] - Sands China (01928) and Galaxy Entertainment (00027) experienced declines in market share in September, with decreases of approximately 100 basis points and 150 basis points, respectively, although both companies saw quarterly increases of about 70 basis points and 40 basis points in Q3 [1] - Melco Resorts (MLCO.US) and MGM China (02282) maintained their market share in September, but both experienced declines of 120 basis points and 100 basis points, respectively, in Q3 [1] Group 2: Market Expectations - Compared to market expectations, the market shares of Galaxy Entertainment and Wynn Macau were higher than anticipated, while those of MGM, Sands China, and SJM Holdings were lower than expected [1]