RECENT NEWS
Forbes  Aug 31  Comment 
Fresh off the red carpet with Arnold and Sly, Sands China CEO Ed Tracy fires three entertainment strategy bullets.
Benzinga  Aug 29  Comment 
Shares with exposure to the ailing Macau casino industry won't hit bottom until Wall Street's 2015 estimates see further cuts, an analyst said Friday. Wells Fargo analyst Cameron McKnight believes Wall Street's 2015 consensus for the sector is...
Motley Fool  Aug 27  Comment 
Sheldon Adelson has a few things he wants you to know about how Las Vegas Sands is performing.
Benzinga  Aug 26  Comment 
Forbes once described the Macau gaming market as being "Vegas on steroids." While this may be true, analysts at Morgan Stanley are now speculating that the Las Vegas gaming market will see higher growth rates than Macau. In a note to clients...
Benzinga  Aug 26  Comment 
Las Vegas Sands (NYSE: LVS) and its majority-owned Sands China Ltd., obtained government clearance to re-start construction on the $2.7 billion Parisian Macau Tuesday, even as a labor protest clogged the streets. Construction had been...




 
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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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