RECENT NEWS
Forbes  Oct 20  Comment 
"Throughout the Empire, gambling is the cause of great misery, and nothing is more common than to see numerous families reduced to wretched indigence by the consequences of a few games of cards or dice. Evil has become so general, that the laws...
Benzinga  Oct 16  Comment 
In a report published Thursday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on Las Vegas Sands Corp. (NYSE: LVS), but lowered the price target from $72.00 to $71.00. In the report, Morgan Stanley noted, “Macau results...
Motley Fool  Oct 15  Comment 
Macau was supposed to be having a rough quarter, but that didn't stop Las Vegas Sands from reporting an increase in earnings.
Wall Street Journal  Oct 15  Comment 
Las Vegas Sands Corp.’s third-quarter revenue fell slightly, hurt by a slowdown in Macau, as high-rollers stayed away and a smoking ban in China’s semiautonomous gambling hub added uncertainty.
Benzinga  Oct 15  Comment 
Las Vegas Sands Corp. (NYSE: LVS) investors will get a look at third quarter earnings later Wednesday amid a backdrop of ailing conditions at casinos in Macau. Sands' shares are down more than 20 percent in the past three months and the...
Motley Fool  Oct 15  Comment 
A look at where Las Vegas Sands' revenue comes from may make you look at this stock differently.
Benzinga  Oct 14  Comment 
Bank of America downgraded its rating on Las Vegas Sands Corp. (NYSE: LVS) to Neutral and lowered its price target from $72 to $67 in a report issued Tuesday. Analysts led by Shaun C. Kelley believed that "Macau’s challenges are likely to...
Wall Street Journal  Oct 13  Comment 
China’s corruption crackdown and a weakening economy have high rollers staying away from Macau. A careful bet on SJM could be a winner.
Motley Fool  Oct 9  Comment 
Shares of Las Vegas Sands have taken a nosedive recently. Is it time to buy?




 
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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