RECENT NEWS
Benzinga  9 hrs ago  Comment 
Macau casino stocks continue to present investment risk and won't regain their attraction until at least the middle of 2015, an analyst said Wednesday. Stocks in the sector have ticked up in the past several weeks as investors seemed to...
Clusterstock  Dec 10  Comment 
It's now undeniable that Chinese President Xi Jinping's corruption crackdown will change Macau's casino business forever. Cheung Chi Tai, a powerful junket operator,  is being investigated for money laundering. The FBI had been monitoring him...
Wall Street Journal  Dec 10  Comment 
Hong Kong has launched a money-laundering investigation into one of Macau’s top gambling-junket figures and has frozen his assets, in the latest setback for the Chinese enclave’s once-booming casino industry.
Forbes  Dec 9  Comment 
Concerns about transit visa restrictions is overdone, Macau based analysts conclude from a cross border investigation.
Forbes  Dec 8  Comment 
Sands China caused the big bang in Macau retailing and profits handsomely as a second explosion looms.
Motley Fool  Dec 3  Comment 
Las Veags Sands still looks to be the best bet in this industry, but if this one metric started dropping, I would think about selling.
Benzinga  Dec 2  Comment 
Carlo Santarelli of Deutsche Bank commented in a note on Tuesday that Macau's 19.6 percent gross gaming revenue decline seen in November was expected and December's gross gaming revenue is also expected to be lower than it was a year...
Wall Street Journal  Dec 2  Comment 
Macau is poised for its first-ever full-year decline in gambling revenue after China’s corruption crackdown sent November revenue tumbling 20%.




 
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