RECENT NEWS
Bloomberg  19 min ago  Comment 
The VIP gambling business in Macau, hurt by a Chinese government crackdown on corruption, could see a recovery in two months, Las Vegas Sands Corp. Chairman and Chief Executive Officer Sheldon Adelson said.
Clusterstock  Sep 30  Comment 
Macau officials have announced that the island will post the biggest decline in gaming revenue since the global financial crisis. Macau’s Secretary for Economy and Finance Francis Tam said that year over year casino revenue for the world's...
Wall Street Journal  Sep 27  Comment 
The struggles of Macau's casinos have hit their Hong Kong-traded stocks, wiping out a quarter of their combined market value this year.
Financial Times  Sep 26  Comment 
Graft campaign threatens former Portuguese territory’s lifeblood
Wall Street Journal  Sep 26  Comment 
Casinos in Macau rely on businesses called junkets to bring in many of their high-roller customers from mainland China. But the junket system now is under pressure.
Reuters  Sep 24  Comment 
Macau's casino junket operators are feeling the squeeze as China's anti-corruption drive has blown a hole in the world's biggest gambling hub. Some are shifting players elsewhere, like the Philippines and Vietnam; others are quitting the business.
Benzinga  Sep 24  Comment 
The meltdown in Macau casino stocks is a buying opportunity for long-term investors, an analyst said Wednesday. Gaming stocks have slid an average of 24 percent since March, as a Chinese corruption crackdown amid a weak Asian economy cut Macau...




 
TOP CONTRIBUTORS

Macau is the fastest growing casino gambling (or "gaming") market in the world. From 2001 to 2006, gaming revenue in Macau has grown at an annual rate of 23%. By comparison, Las Vegas and Atlantic City had CAGRs of 4% and 3%, respectively. The biggest driver of growth is its proximity to the increasingly wealthy Chinese population.


Only 6 companies are licensed to operate gaming facilities in the region:

  • Melco PBL Entertainment (MPEL) is the only company publicly traded in the U.S. that is completely focused on the Macau gaming and hospitality industry.
  • MGM Mirage (MGM): This company is developing the MGM Grand Macau, which is scheduled to open in late 2007. Most of MGM's casinos are in Las Vegas, and its operations include: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, Treasure Island (TI), New York-New York, Excalibur, Monte Carlo, Circus Circus Las Vegas.
  • Las Vegas Sands (LVS): This company owns and operates The Sands Macao. It is also developing The Venetian Macau. These properties are named after LVS's Las Vegas counterparts.
  • Wynn Resorts (WYNN): This company owns and operates Wynn Macau and Wynn Las Vegas. It is also developing a massive new casino resort in Macau, which is set to open in 2010.
  • Galaxy Casinos (HKSE:0027)
  • SJM/Macau Success Limited (HKSE:0487)

Most Visitors Coming From China and Hong Kong

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Statistics based on macau statistics and census services [1]

^Estimates based on “Visitors Arrivals for October 2007” [2]


References

  1. Tourism Statistics 2006, "Tourism Statistics", Macau Census
  2. "Visitors Arrivals for October 2007", Macau Census

External Links

Macau Hotels Information

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