RECENT NEWS
Benzinga  Aug 27  Comment 
The Market Vectors Gaming (ETF) (NYSE: BJK) is up nearly 10 percent year-to-date, but that is not preventing some short sellers from targeting some of the gambling exchange-traded fund's holdings, particularly those of the Macau variety. Global...
Motley Fool  Aug 25  Comment 
Wynn Resorts biggest pain in the past few years has been its biggest win so far in 2016 -- and it could be about to get much better.
Reuters  Aug 25  Comment 
Macau casino operator Galaxy Entertainment Group Ltd said first-half profit rose 26 percent from the same period last year when new casino costs pulled down earnings,...
Reuters  Aug 25  Comment 
Global ride-hailing giant Uber Technologies Inc will pull out of the gambling hub of Macau on September 9, less than 10 months after it launched there, Macau media reported, citing...
SeekingAlpha  Aug 19  Comment 
New York Times  Aug 17  Comment 
Wynn Macau, the Macau unit owned by Las Vegas-based Wynn Resorts expects to have 50-60 VIP gaming tables when it opens its newest resort next week, its chief executive said on Wednesday.
WA Business News  Aug 17  Comment 
James Packer's Crown Resorts still sees Macau casinos as a good investment despite its joint-venture operations there continuing to weigh on profits.
Clusterstock  Aug 16  Comment 
By Farah Master MACAU (Reuters) - U.S. casino tycoon Steve Wynn's newest pleasure palace in Macau boasts massive dancing fountains but the Chinese territory is anything but bubbly as it prepares to welcome the $4 billion resort to its struggling...
Motley Fool  Aug 15  Comment 
Many hope that after a recent reduction, the casino giant will return to its shareholder-friendly ways.




 
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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