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Macau Tourism |
Finance Asia
Apr 23
Comment
The Hong Kong-listed telecom services provider seeks to raise at least $235 million from the fully-underwritten deal.
Finance Asia
Apr 22
Comment
The Hong Kong-listed telecom services provider seeks to raise at least $235 million from the fully-underwritten deal.
Times Online
Apr 19
Comment
The “Macau Laundry Service”, a set of illicit mechanisms thought to funnel
more than £130 billion worth of yuan out...
The Straits Times
Apr 14
Comment
April 14, 2013 4:10 PM
MACAU (REUTERS) - Casino magnate Sheldon Adelson's reference to triad organised crime gangs in testimony in a lawsuit has hit a raw nerve in Macau, the Chinese boomtown that his Las Vegas Sands Corp helped transform from a...
Benzinga
Apr 5
Comment
Fitch Ratings-New York-05 April 2013: Fitch Ratings says demand in U.S. lodging
and Macau gaming has been stronger so far this year versus our previous
expectations, while U.S. regional gaming has been weaker.
Same-store gaming revenues are down...
Suggest other news sources for this topic
more ▼WIKI ANALYSIS
WIKI ANALYSISTOP 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
Statistics based on macau statistics and census services [1]
^Estimates based on “Visitors Arrivals for October 2007” [2]
References
- ↑ Tourism Statistics 2006, "Tourism Statistics", Macau Census
- ↑ "Visitors Arrivals for October 2007", Macau Census
External Links
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