RECENT NEWS
Benzinga  9 hrs ago  Comment 
According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of August came in at 18.6 billion patacas, about 35.5 percent lower than August 2014. Shares of Melco Crown Entertainment Ltd (ADR)...
TheStreet.com  Sep 1  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands are down by 2.77% to $44.95 in pre-market trading on Tuesday morning, as some casino stocks decline due to the fifteenth consecutive monthly slump in revenue out of China's Macau gambling hub....
The Economist  Sep 1  Comment 
WITH unemployment at 25%, government debt at more than 170% of GDP, and the country’s politics in turmoil, the 26% peak-to-trough decline in output brought about by the euro-zone crisis has been highly traumatic for Greece. Yet the government of...
Financial Times  Aug 31  Comment 
Chinese gambling enclave suffers amid corruption clampdown
Forbes  Aug 25  Comment 
China?s stock market turmoil and currency devaluation make it harder for Macau to bounce back.
Forbes  Aug 24  Comment 
Las Vegas Sands stock has plunged around 15% so far in August. This can primarily be attributed to uncertainties pertaining to Macau gaming and more recently to concerns that a decelerating Chinese economy may slow global growth. Adding to the...
Finance Asia  Aug 23  Comment 
The relaxation of rules governing joint venture ownership of mainland brokerages is limited to a few municipalities but allows HK and Macau brokers to hold control positions.
Forbes  Aug 21  Comment 
Wynn, like other casino operators, has lowered minimum bets and moved more tables from VIP to mass-market gaming in recent quarters. However, its gross gaming revenue decline has been very steep (more than 35% in the first half of 2015), weighing...




 
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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