RECENT NEWS
Forbes  May 22  Comment 
Gaming report looks back on Macau’s golden years, no help for present dark times.
Motley Fool  May 19  Comment 
Wynn Resorts' past struggles tell a lot about what it needs to do in the future.
Benzinga  May 19  Comment 
Credit Suisse's Kenneth Fong remained confident in a call to continue accumulating select names in the Macau gaming sector. The analyst published a research note Tuesday morning entitled "recovery drivers intact; accumulate." "Rather than...
Financial Times  May 18  Comment 
Industry executives say worst effects of China’s economic slowdown are behind them
Clusterstock  May 18  Comment 
By Farah Master Macau (Reuters) - Casinos in Macau face a growing volume of bad debt provisions, further hitting earnings in the world's largest gambling hub at a time when high-roller VIP punters are backing off. China's slowing economy and a...
Benzinga  May 12  Comment 
MGM Resorts International (NYSE: MGM) reported mixed results for 1Q. Argus’ John Staszak maintained a Hold rating for the company. The analyst commented that although MGM Resorts has a relatively greater presence in Las Vegas, its earnings are...
Benzinga  May 9  Comment 
The Macau Gaming Inspection Coordination Bureau has placed yet another restriction on the Macau gaming market by banning “proxy betting” starting this week. The recent corruption crackdown in Macau has spooked many VIP high-roller gamblers...




 
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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