RECENT NEWS
The Australian  Apr 29  Comment 
James Packer’s casino partner has issued a warning on Macau and flagged issues will remain in the Asian gambling hub.
Motley Fool  Apr 26  Comment 
After several delays, Steve Wynn’s newest property in Macau should welcome its first guests this summer, while Las Vegas Sands will open later in the year. What can visitors expect from these multibillion-dollar projects?
Motley Fool  Apr 23  Comment 
From its figure-8 ferris wheel to a Batman-themed amusement ride, the Studio City resort is just one example of how gaming companies in China's gambling mecca are targeting opportunities outside the casino floor.
Motley Fool  Apr 22  Comment 
Authorities in the Chinese territory are forecasting another down year for gaming revenue in 2016, even as several glitzy new resorts are getting ready to open.
Clusterstock  Apr 21  Comment 
This is what happens when you call a bottom too early. Las Vegas Sands Corp., the massive casino owned by billionaire Sheldon Adelson, fell over 10% on April 21 after reporting dismal earnings the day before. There's really only one place to...
Benzinga  Apr 21  Comment 
JPMorgan’s Joseph Greff believes that Las Vegas Sands Corp. (NYSE: LVS)'s stock valuation could be limited to a tight range until there is more evidence of stabilization in the Macau market and the company’s properties in the region. Greff...




 
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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