RECENT NEWS
Forbes  12 hrs ago  Comment 
An uptick has been anticipated for months and yet we wonder when the casinos will see gaming growth return in Macau. This suggests that there is room for stock price movement depending on the amplitude and the timing of any recovery in gaming...
Forbes  May 28  Comment 
Macau’s first casino resort opening in three years reflects new demand from the market and Macau's rulers.
Clusterstock  May 27  Comment 
In its glory days Macau's casinos were bringing 40% margins and showering the gaming industry with riches. But thanks to China's anti-corruption drive, that's all over for now. Since last summer Macau's  40% margins have turned into 40%-50%...
Clusterstock  May 27  Comment 
The world's most powerful casino mogul just showed us in five words that he's living a Macau delusion. "Supply will create the demand," Sheldon Adelson, Las Vegas Sands' CEO,  said at a conference in New York City on Wednesday. What Adelson...
New York Times  May 27  Comment 
New resorts aim to continue the former Portuguese colony’s transformation into a Chinese middle-class tourism center.
Financial Times  May 27  Comment 
Some operators hope to benefit from Macau slowdown, while others fear regional fallout
Benzinga  May 25  Comment 
In a recent report, Wells Fargo analysts said that there would be more clarity on a Macau recovery only after the Galaxy Phase 2 opening. In the report Wells Fargo noted, "Checks this week suggested that the government has allotted Galaxy...
Motley Fool  May 23  Comment 
This lawsuit is about more than a potential payout to an ex-employee claiming wrongful termination.
TheStreet.com  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...




 
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