RECENT NEWS
Benzinga  Aug 8  Comment 
Target prices on a big raft of Macau casinos were slashed by double digits at Citi Research Friday in the face of shrinking revenue. "We remain bullish on the sector but it's prudent to reset expectations" in light of lower revenue, Citi's...
Financial Times  Aug 8  Comment 
After some bad numbers recently, it is tempting to see this as a good time to buy Hong Kong-listed gaming stocks. But is it really?
Benzinga  Aug 6  Comment 
Gaming companies with Macau exposure were trending down Wednesday, as the Street digested recent news that casino revenue in the former Portuguese colony fell 3.6 percent last month. Deutsche Bank's Carlo Santarelli cut his third-quarter...
SeekingAlpha  Aug 6  Comment 
MGM (NYSE:MGM) delivered a strong set of Q2 figures with revenues up +4% and EBITDA up +8%, both figures coming in slightly ahead of expectations. Vegas and domestic operations were the star performers with revenues and EBITDA up 6% and 26%,...
Financial Times  Aug 5  Comment 
Investors who backed Macau casino stocks have made a fortune in the past few years, but their luck may be running out as the industry shifts focus
Reuters  Aug 5  Comment 
Disgruntled casino workers are becoming a costly thorn in Macau's side.
Forbes  Aug 4  Comment 
Investors see a negative trend, not a buying opportunity, after a second month of lower casino revenue in Macau.
MarketWatch  Aug 4  Comment 
Increasingly, the money that runs Macau’s casinos is under a spotlight as wealthy mainland Chinese seek to skirt rules to prevent them from gambling too much, reports Caixin Online.
Financial Times  Aug 1  Comment 
News of second consecutive month of declines in Macau gaming revenues weighed on casino owners in both the US and abroad
TheStreet.com  Aug 1  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp.  are lower by -0.87% to $73.21 in mid morning trading on Friday, following a report that July casino revenue for China's Macau gambling district fell for a second month in a row,...




 
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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