RECENT NEWS
Benzinga  Sep 14  Comment 
The Macau region has been a big headwind for most of the gaming companies over the last couple of years. This was evident when Las Vegas Sands Corp. (NYSE: LVS) struggled to meet EPS estimates in the last three quarters. However, Argus believes...
Japan Today  Sep 13  Comment 
Billionaire casino tycoon Sheldon Adelson predicted a revival for beleaguered Macau Tuesday as he launched his new Paris-themed mega resort, with the gambling enclave betting its fortunes on mass market tourists. A corruption crackdown by...
Motley Fool  Sep 13  Comment 
More visitors are going to Macau each year, which could show some surprising strength in the region.
Reuters  Sep 9  Comment 
Global ride-hailing company Uber Technologies has aborted plans to pull out of Macau, citing support from residents in the Chinese-ruled gambling hub.
Forbes  Sep 9  Comment 
The long awaited, often predicted gain follows the current wave of Cotai openings’ most anticipated event so far -- the debut of Wynn Palace on August 22.
Benzinga  Sep 8  Comment 
The rest of 2016 could be a wild ride for gaming & leisure investors, but a number of stocks in the space may still have significant upside ahead. According to Stifel analyst Steven Wierczynski, gaming & leisure stocks will likely continue to be...
Motley Fool  Sep 8  Comment 
Wynn Palace is a big move for Wynn Resorts, but it's how the company handled the new resorts' table game limit that is its best move of the year.
Benzinga  Sep 7  Comment 
Susquehanna analyst Rachael Rothman is bullish on Las Vegas and Macau, but she cautions casino investors that they may be in for a bumpy ride in the second half of the year. “Limited visibility leads to big beats/misses vs. estimates while...




 
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

Error creating thumbnail

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

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki