RECENT NEWS
Forbes  Jul 24  Comment 
Wynn Resorts continues to benefit from higher demand at its Macau hotel properties, and this has led to better pricing for the rooms over the past few years. Casino operators are motivated to sustain occupancy in order to generate demand for...
Benzinga  Jul 23  Comment 
In a report published Thursday, Macquarie analyst Chad Beynon maintained an Outperform rating on Las Vegas Sands Corp (NYSE: LVS), with a price target of $60. Analyst Chad Beynon pointed out that Las Vegas Sands reported decent 2014 results...
Benzinga  Jul 23  Comment 
Macau Legend Development Limited (OTC: MALDF), one of the leading owners of entertainment and casino gaming facilities in Macau, today announces that MLD Cabo Verde Resorts, S.A. ("CV Resorts Co") and MLD Cabo Verde Entretenimento, S.A. ("CV...
Motley Fool  Jul 23  Comment 
The casino giant did even worse than most had expected, but the stock still responded favorably.
Clusterstock  Jul 20  Comment 
Studio City Macau is a giant new casino rising in Macau's glitzy Cotai Strip (the peninsula's answer to the Vegas Strip). And smack-dab in the middle of the development is the world's first figure-8 Ferris wheel.  The whimsical ride is a...
Forbes  Jul 20  Comment 
We expect the casino giant to continue to face headwinds from the ongoing decline in Macau gaming and post lower revenues and profits for the quarter. Macau continues to face the heat even after 13 straight months of decline amid the government's...




 
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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