RECENT NEWS
Reuters  Apr 6  Comment 
As the world's gambling capital Macau races to open more than 17,000 new hotel rooms over the next three years to keep pace with a flood of Chinese visitors, only about 4,000 affordable homes for locals are expected to be built in the same period.
Forbes  Apr 2  Comment 
Despite a tough comparison to record revenue last March and following a new record in February, Macau casinos raked in $4.4 billion last month.
The Australian  Apr 2  Comment 
SHARES in the James Packer-backed Melco Crown Entertainment jumped to their highest level in two months overnight as Macau gaming revenues rose.
Forbes  Apr 1  Comment 
Macau’s casino revenue dwarfs that of Las Vegas but it gets there by a very different route.
Forbes  Apr 1  Comment 
In recent years growing wealth in Asia has shifted the gaming industry's center of gravity form Las Vegas to Macau, also spelled Macao.
DailyFinance  Mar 31  Comment 
CALGARY, ALBERTA and HONG KONG, CHINA -- (Marketwired) -- 03/31/14 -- Grand Power Logistics Group Inc. ("Grand Power" or the "Company") (TSX VENTURE: GPW) is pleased to announce that, in addition to its recent announcement on the sale of the...
New York Times  Mar 25  Comment 
A construction boom in the Asian gambling hub epitomizes the rising spending power of Chinese consumers.     
DailyFinance  Mar 24  Comment 
HONG KONG, CHINA -- (Marketwired) -- 03/24/14 -- SCMP Group Ltd (HKSE: 583), Asia's leading media holding company, announced today that it will acquire leading luxury lifestyle publisher Destination Macau Limited from Ignite Media Group...




 
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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