RECENT NEWS
Forbes  Aug 25  Comment 
China?s stock market turmoil and currency devaluation make it harder for Macau to bounce back.
Forbes  Aug 24  Comment 
Las Vegas Sands stock has plunged around 15% so far in August. This can primarily be attributed to uncertainties pertaining to Macau gaming and more recently to concerns that a decelerating Chinese economy may slow global growth. Adding to the...
Finance Asia  Aug 23  Comment 
The relaxation of rules governing joint venture ownership of mainland brokerages is limited to a few municipalities but allows HK and Macau brokers to hold control positions.
Forbes  Aug 21  Comment 
Wynn, like other casino operators, has lowered minimum bets and moved more tables from VIP to mass-market gaming in recent quarters. However, its gross gaming revenue decline has been very steep (more than 35% in the first half of 2015), weighing...
Clusterstock  Aug 19  Comment 
China's crackdown on corruption is destroying the huge gambling economy in the only place where it's legal – Macau. The owner of Macau's six largest casino operators – Galaxy Entertainment, Melco Crown, MGM China, Sands China, SJM Holdings,...
Financial Times  Aug 19  Comment 
Hong Kong-listed Galaxy rounds out difficult first-half results season with 43% drop
Benzinga  Aug 18  Comment 
In a new report this week, Goldman Sachs analyst Simon Cheung took a close look at the most recent Macau gaming numbers and presented an updated view on the stability of the industry. After 14 consecutive months of year-over-year declines in gross...




 
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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