RECENT NEWS
MarketWatch  Jun 23 
Icelandic investment group Sjova-Almennar Tryggingar cancels a agreement to buy all of the units in a residential tower in Macau, in the latest cautionary tale from the financial crisis in Asia.
Reuters  Jun 16 
Officials at Malaysia's gaming firm Resorts World Bhd told shareholders on Tuesday it does not see any obstacles in investing in the Chinese gambling enclave of Macau, but has made no decision about the move.
Reuters  Jun 10 
U.S. gaming companies are set to cash in some of their chips in Macau, looking to sell or float assets in the Chinese gambling enclave to prop struggling parent businesses back home in Las Vegas.
TheStreet.com  Jun 3 
MGM Mirage disputes findings by a New Jersey gaming panel that Pansy Ho is an 'unsuitable' business partner.
Flightglobal  Jun 3 
Air Macau will be getting a capital injection of 507.3 million Macau pataca ($63 million) from its shareholders to keep it afloat. Chinese flag carrier...
Motley Fool  Jun 1 
Casino operators must balance Macau's lure of big profits with thorny local politics.
Wall Street Journal  Jun 1 
Melco's CEO said "the worst times in Macau are already over" as he launched the territory's newest casino and resort.
CNNMoney.com  Jun 1 
Wynn Resorts is suffering as fewer gamblers visit its hotel casinos, and those who do visit bet less.
Wall Street Journal  May 22 
Galaxy Entertainment executives believe the Hong Kong-traded casino operator has the financial breathing space to wait out uncertainties in the Asian gambling capital of Macau.
TheStreet.com  May 19 
The New Jersey Division of Gaming Enforcement says MGM Mirage should not associate with Pansy Ho.
Wall Street Journal  May 19 
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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.

[edit] Geographic Location

Macau is strategically located near the hotspots of Asia; namely, coastal China, Hong Kong, Taiwan, India, Japan and Korea. Numerically, it is less than an hour's flight away for more than a billion people. This location in the cradle of Asian growth and development allows Macau to fully enjoy the region's current economic trends.

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)

[edit] 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]


[edit] References

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