RECENT NEWS
TheStreet.com  Aug 20  Comment 
a NEW YORK (TheStreet) -- Wynn Resorts , controlled by Las Vegas billionaire Steve Wynn, has been operating its Macau resorts for over eight years and plans to openaWynn Palace by the second half of 2016. The company's operations in...
SeekingAlpha  Aug 19  Comment 
By Daniel James: Two of the main US casino operators active in Macau, the world's largest gambling hub, recently reported their first-half results. Both came up with some pretty decent numbers for the period, growing earnings as well as revenue by...
Motley Fool  Aug 18  Comment 
Las Vegas Sands is a high-flying gaming stock, but there are warning signs investors should be aware of.
New York Times  Aug 18  Comment 
The move raises concerns about academic freedom in Macau, where professors have little formal protection if they espouse ideas that are unpopular with academic and political leaders.
SeekingAlpha  Aug 14  Comment 
By Oliver Rowe: Summary: Keck Seng Investments (OTCPK:KCKSF) has a tremendous portfolio of undervalued assets that are hidden by historical carrying values; in addition, it pays a 3% dividend. At its current price, KCKSF has an upside to net asset...
StreetInsider.com  Aug 14  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Int%27l+Game+Technology+%28IGT%29%2C+LT+Game+Enter+Distribution+Agreement+Covering+N.+America%2C+Macau/9752514.html for the full story.
Wall Street Journal  Aug 14  Comment 
Crown Resorts posted a 66% jump in annual profit, as strong earnings in Macau continued to offset weakness at its hotels and casinos in Australia.
Reuters  Aug 13  Comment 
An investor in one of Macau's largest junket operators plans to build a $3 billion casino resort complex in the western Pacific island of Saipan amid sluggish growth at home,...
Benzinga  Aug 8  Comment 
Target prices on a big raft of Macau casinos were slashed by double digits at Citi Research Friday in the face of shrinking revenue. "We remain bullish on the sector but it's prudent to reset expectations" in light of lower revenue, Citi's...
Financial Times  Aug 8  Comment 
After some bad numbers recently, it is tempting to see this as a good time to buy Hong Kong-listed gaming stocks. But is it really?




 
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

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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