RECENT NEWS
Motley Fool  Apr 28  Comment 
As rival casino operators open new properties on the Cotai Strip, they are siphoning away a lot of very profitable business from Macau's biggest resort player.
Motley Fool  Apr 27  Comment 
Boston is an untested market for the gaming industry, which makes it harder to gauge whether Wynn's planned five-star casino resort will justify its high price tag.
Motley Fool  Apr 27  Comment 
The company's newest resort, Wynn Palace, drove revenue and EBITDA to a new high, and that's likely just the start of a good trend.
Forbes  Apr 27  Comment 
As Macau’s recovery roars ahead, big things are happening outside the global casino capital.
Benzinga  Apr 26  Comment 
Macau gaming stocks are on fire Wednesday after Wynn Resorts, Limited (NASDAQ: WYNN) reported adjusted first-quarter earnings of $1.24/share on revenue of $1.48 billion, topping consensus analyst forecasts of $0.98 and $1.4 billion,...
Motley Fool  Apr 25  Comment 
Two years ago, things looked grim for the region after a Chinese government crackdown drove gamblers away, but investors in the casinos are starting to see their bets pay off once again.
Motley Fool  Apr 21  Comment 
Macau's gaming revenue per table puts the Las Vegas Strip to shame.
Benzinga  Apr 21  Comment 
Up nearly 14 percent year-to-date, the VanEck Vectors Gaming ETF (NYSE: BJK) is at a torrid pace. Macau, the world's largest gambling hub and the only Chinese territory where gambling is legal, is often a driver of BJK's price action and that...
Motley Fool  Apr 13  Comment 
The gambling enclave is doing better, but new problems may lurk just over the horizon.




 
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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