RECENT NEWS
Forbes  Dec 7  Comment 
President’s moves on Clark developer reveal good, bad, ugly of Philippine gaming (and governing), Duterte style.
Forbes  Dec 2  Comment 
November was another banner month for the world’s casino capital.
Benzinga  Dec 1  Comment 
Casino investors are taking profits on Thursday following positive monthly gaming revenue numbers from both Las Vegas and Macau. The numbers out of both gaming hubs confirm that strong underlying revenue growth is behind gambling stocks’ recent...
Benzinga  Dec 1  Comment 
Macau kept its momentum going in a big way in November, delivering its largest year-over-year revenue gain since February 2014. The latest data from the Macao Gaming and Coordination Bureau reveals that Macau brought in 18.7 billion patacas in...
Wall Street Journal  Dec 1  Comment 
Gambling revenue in Macau rose for the fourth straight month in November, the city said Thursday, as an influx of cash from high rollers fueled industry hopes that fortune is finally smiling again on the world’s casino capital.
Forbes  Dec 1  Comment 
Rising high roller revenue is no mirage, but Macau’s real future is taking shape in lower market strata.
New York Times  Nov 30  Comment 
This tiny region, with its cobblestone streets, old Catholic churches and narrow alleyways, has an almost European feel to it.
Benzinga  Nov 29  Comment 
With November Macau gaming revenue numbers due out Thursday, Citi has upped its price targets for Macau casino stocks and believes the world’s largest gaming destination will return to positive revenue growth in 2017. Things Looking Brighter...




 
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

Error creating thumbnail

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

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki