RECENT NEWS  May 18  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp   were trading lower by 0.24% to $50.85 Monday morning, after analysts at Goldman Sachs cut their rating on the company to "neutral" from "buy." The firm also decreased its price target...
Benzinga  May 15  Comment 
Fitch is revising Macau's gaming revenue growth rate for 2015 to negative 29% from our prior forecast of negative 22% following the gaming team's visit to Macau. The revision reflects continued revenue weakness through April, with daily GGR...
Benzinga  May 15  Comment 
In a report published Friday, Barclays analyst Felicia Hendrix commented on the Macau gaming market, noting that it is "too early to call a bottom" due to the ongoing and persistent headwinds facing the market. Hendrix noted that many investors...  May 15  Comment 
NEW YORK (TheStreet) -- Wynn Resorts Ltd. was downgraded to "equal weight" from "overweight" at Barclays on Friday. The firm said it reduced its rating on the destination casino resorts developer, owner and operator based on the company's...
Benzinga  May 14  Comment 
In a report published Thursday, Nomura analyst Harry Curtis suggested that investors should avoid investing in casino operators with exposure to the Macau market. According to Curtis, Macau market estimates are beginning to reflect the reality...
Clusterstock  May 12  Comment 
Galaxy Entertainment, the $158 billion casino firm, will open two highly anticipated properties in Macau in a couple of weeks, and it could be a disaster. That's because the government has yet to allocate gaming tables to the $3 billion...
Benzinga  May 12  Comment 
A Macau appeals court reportedly rejected a $375.7 million lawsuit against the China unit of Las Vegas Sands Corp. (NYSE: LVS). The suit was brought in 2012 by Asian American Entertainment Corp. and claimed that Sands breached a 2001 an...
Benzinga  May 11  Comment 
Wynn Macau Ltd. (OTC: WYNMY) reported a 38 percent drop in its net revenue for the first quarter. Wynn Macau's quarterly net revenue slipped to $705.4 million, compared to $1.13 billion, in the year-ago period. Its casino revenue shrank by...
The Australian  May 7  Comment 
The James Packer-backed Melco Crown plans to continue paying dividends despite the rapid slowdown in gaming revenues in Macau.


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]


  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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