RECENT NEWS
Benzinga  5 hrs ago  Comment 
Relatively strong revenue growth in Las Vegas might help casino stocks with big stakes there fend off weak performance in the far larger Macau market, an analyst said Monday. Morgan Stanley's Thomas Allen, who maintains an "attractive" rating...
New York Times  Feb 27  Comment 
The Chinese news media reported that 15 people were missing, and the Macau authorities said rescuers were searching for survivors.
TheStreet.com  Feb 25  Comment 
NEW YORK (TheStreet) -- Shares of Melco Crown Entertainment  fell 4.66% to $23.96 in morning trading Wednesday after a senior Macau official announced the city wants to study restrictions on mainland Chinese tourists to...
Wall Street Journal  Feb 25  Comment 
Macau casino operator SJM Holdings Ltd. said its 2014 net profit fell 12.7% from a year earlier, as high-spending gamblers shy away from the semiautonomous Chinese territory’s tables.
Wall Street Journal  Feb 25  Comment 
Macau saw a sharp drop in gambling revenue over the Lunar New Year, a bad omen for the rest of 2015.
Benzinga  Feb 24  Comment 
Shares of the major Macau casino operators are falling on Tuesday after a senior Macau official made comments indicating that the city plans to have discussions about overcrowding in the city, according to a report by Bloomberg The stocks of...
TheStreet.com  Feb 24  Comment 
NEW YORK (TheStreet) -- Shares of MGM Resorts International are lower by 2.97% to $21.88 in late morning trading on Tuesday, as some gaming stocks within the Macau gambling district of China fall today due to reports that Macau is looking to...
guardian.co.uk  Feb 19  Comment 
Profits plunge at Crown Group’s Macau operation in the wake of Beijing’s attempts to curb controversial high-rolling gamblers China’s crackdown on corruption has cost Australian billionaire James Packer dear by eating into profits at his...
Benzinga  Feb 17  Comment 
In a recent report, analysts at Sterne Agee updated their outlook for Macau gaming stocks. While they lowered their gaming revenue expectations for the month of February based on month-to-date numbers, analysts note that February should be the...
Motley Fool  Feb 14  Comment 
Macau has struggled over the past year. Vegas could be next.




 
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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