RECENT NEWS
Forbes  Mar 24  Comment 
We believe that the company's casino operations in Macau will continue to see some pressure in the coming months amid the ongoing anti-corruption crackdown in the region. However, we believe the growth in this segment will resume next year and...
Benzinga  Mar 23  Comment 
Long-suffering Macau casino stocks might merit a bet, but their fast-growth days are done, an analyst said Monday. Bernstein's Vitaly Umansky forecast that Macau's deceleration in revenue growth is now in a trough, with a bottom coming in late...
Clusterstock  Mar 23  Comment 
If casino raids and falling revenue weren't enough to convince you that the Chinese government is purposely killing Macau's gambling business, officials laid it all out on Monday. In his annual policy address, Macau's chief executive, Fernando...
TheStreet.com  Mar 23  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp. are down by 0.91% to $55.53 at the start of trading on Monday morning, following reports noting that officials in China's Macau gambling district believe that gaming revenue for the year...
Motley Fool  Mar 20  Comment 
Gaming revenue was way down in Macau in February, but this Wall Street firm is placing its bet squarely on a rebound for these four casino and resort operators.
Benzinga  Mar 19  Comment 
According to a new article in the Macau Daily Times, the island's world-class gaming industry may be called upon by the government to support a new local arts initiative on the island. Members of the Committee of Cultural Industries want to...
Benzinga  Mar 19  Comment 
The Chinese government's recent crackdown on corruption in Macau, the world's largest gambling destination, has led to a precipitous drop in VIP gaming revenue in the region. China has strict currency laws that wealthy Chinese gamblers had been...
Clusterstock  Mar 19  Comment 
Macau's casinos may be down on their luck, but at least one part of the gambling industry is thriving. According to "China's Queen of Poker," Celina Lin, poker tournaments have continued to attract prominent players and visitors to the city,...
Benzinga  Mar 19  Comment 
In a report published Thursday, Brean Capital analyst Bryan Maher initiated coverage on Wynn Resorts, Limited (NASDAQ: WYNN) with a Buy rating and $174.00 price target. In the report, Brean Capital noted, "Wynn Resorts primarily targets high-end...
Benzinga  Mar 19  Comment 
The world's largest gaming market has been a source of disagreement among analysts in recent months. In the midst of a slew of downgrades and revenue forecast reductions, Brean Capital is the latest to weigh in on Macau, initiating Buy ratings on...




 
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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