RECENT NEWS
Benzinga  43 min ago  Comment 
Analysts at Citi recently took an in-depth look at the gaming industry and released reports on the top names in the business. Citi chose Wynn Resorts Ltd (NASDAQ: WYNN) as its top pick in the U.S. gaming space, but they are bullish on the three...
Benzinga  54 min ago  Comment 
In a recent report, Citi analysts gave an updated outlook for the beleaguered Macau gaming market. Despite a seemingly constant stream of difficulties over the past year, analysts now see what they believe could be a turning point in Macau. No...
Motley Fool  1 hr ago  Comment 
Macau gaming revenue dropped nearly 50% last month, showing just how bad the situation remains for the Chinese gambling enclave.
TheStreet.com  3 hrs ago  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp. are down by 1.40% to $56.20 in mid-morning trading on Thursday, after Nomura Securities issued an analyst note this morning stating that it is expecting a 25% decline in gaming revenue...
Motley Fool  Mar 4  Comment 
Our “sin stock” series continues with a look at gambling -- how the big name destinations stack up, what’s new in Macau, and some interesting gambling news out of Japan.
The Australian  Mar 4  Comment 
THE collapse of gaming revenues in Macau raises questions that resonate beyond that special administrative region of China.
Wall Street Journal  Mar 4  Comment 
Macau gambling revenue remained in a free fall in February, sinking 49% from a year earlier amid China’s crackdown on corruption.
Benzinga  Mar 3  Comment 
It's not often that news of a 48.6 percent year-over-year drop in revenue will have little effect on stocks, but that's the case for stocks of Macau casino operators today. According to data released by the Macao Gaming Inspection and Coordination...
Clusterstock  Mar 3  Comment 
A California judge has dismissed casino mogul Steve Wynn's libel lawsuit against hedge fund manager Jim Chanos, founder of Kynikos Associates.  The suit was dismissed with prejudice and Wynn will have to pay Chanos' legal expenses. "I need...




 
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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