Bloomberg  6 hrs ago  Comment 
Chinese President Xi Jinping urged Macau to diversify its economy to ensure sustainable development in a city that relies on casino gambling for more than 80 percent of revenue.
New York Times  Dec 19  Comment 
Casino revenue is falling in Macau, the world’s largest gambling destination, and China is urging its territory to offer family-friendly options.
Motley Fool  Dec 19  Comment 
Gaming stocks with exposure to Macau have been crushed recently, but there's a silver lining in Macau's gaming numbers.  Dec 18  Comment 
NEW YORK (TheStreet) -- Shares of MGM Resorts International  recovered 5.14% to $18.93 in morning trading Thursday following Wednesday's sharp decline after investors bought the stock following the drop. MGM plunged Wednesday as the Chinese...  Dec 17  Comment 
NEW YORK (TheStreet) --Shares of MGM Resorts International are plunging, down 3.61% to $18.17 on extremely heavy volume in afternoon trading on Wednesday, as Macau-related casino stocks are sinking on the crackdown of illegal activities in...
MarketWatch  Dec 15  Comment 
After years of unbelievable growth put Macau far above Las Vegas on the world’s gambling ranks, the enclave’s golden age may now be behind it, writes Craig Stephen.
Motley Fool  Dec 14  Comment 
Even though Macau pulls in nearly seven times as much gaming revenue as Las Vegas, it's still a much younger gaming economy. Here are the three things it needs to learn from Sin City.
Benzinga  Dec 11  Comment 
Analysts at FBR Capital Markets issued the latest round of price target cuts for casino operators with heavy exposure to the Macau market. Analysts cited declining Macau gaming revenues in November and the first week of December as justification...
Benzinga  Dec 11  Comment 
Carlo Santarelli of Deutsche Bank commented in a note on Thursday that Macau's near-term challenges are unlikely to improve. Santarelli notes that several persistent tailwinds seen over the past six months have had a negative influence in...


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]


  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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