RECENT NEWS
Benzinga  Apr 23  Comment 
Las Vegas Sands Corp. (NYSE: LVS) may miss expectations when it kicks off the first-quarter earnings season for Macau gaming stocks, an analyst said. Deutsche Bank's Carlo Santarelli recently trimmed 4 percent from his target on Sands to $47...
Benzinga  Apr 23  Comment 
In a report published Thursday, Morgan Stanley analyst Thomas Allen commented on Las Vegas Sands Corp. (NYSE: LVS)'s first quarter results in which Macau EBITDA was worse than expected while Singapore and Las Vegas were "roughly" in-line with...
Benzinga  Apr 23  Comment 
In a new report, analysts at J.P. Morgan have trimmed their 2015 property-level revenue estimates for Macau based on the latest monthly gaming numbers. Despite the revision, analysts remain bullish on a pair of big casino names. No...
Wall Street Journal  Apr 22  Comment 
Las Vegas Sands Corp. said its first-quarter earnings fell 34% on continued pressures from a slowdown in Macau.
Financial Times  Apr 21  Comment 
As China’s anti-corruption campaign dents revenues in the city, officials and casino operators are adapting their business model
Financial Times  Apr 21  Comment 
Luxury loses lustre as casinos and retailers shift tactics to offset VIP decline
Clusterstock  Apr 20  Comment 
It looks like Las Vegas Sands' chief executive Sheldon Adelson is heading to court. Bloomberg's Edvard Pettersson reports that Adelson has been named as a witness for the first time in the ongoing lawsuit launched by Steven Jacobs, the former...
The Australian  Apr 16  Comment 
James Packer’s new Macau casino must have at least 400 gaming tables or risk being in default for a $US1.4bn loan.
Benzinga  Apr 16  Comment 
In a new report, analysts at Barclays explained their position on Macau gaming operators. Despite a positive overall view on Macau, analysts downgraded Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) and the Macau units of Las Vegas Sands Corp....




 
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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