RECENT NEWS
Wall Street Journal  6 hrs ago  Comment 
Casinos in Macau rely on businesses called junkets to bring in many of their high-roller customers from mainland China. But the junket system now is under pressure.
Reuters  Sep 24  Comment 
Macau's casino junket operators are feeling the squeeze as China's anti-corruption drive has blown a hole in the world's biggest gambling hub. Some are shifting players elsewhere, like the Philippines and Vietnam; others are quitting the business.
Benzinga  Sep 24  Comment 
The meltdown in Macau casino stocks is a buying opportunity for long-term investors, an analyst said Wednesday. Gaming stocks have slid an average of 24 percent since March, as a Chinese corruption crackdown amid a weak Asian economy cut Macau...
SeekingAlpha  Sep 23  Comment 
By Daniel James: Las Vegas Sands (NYSE:LVS) has been one of the star performers of the casino industry for some time now, mainly as a result of its impressive results in the Asian gambling hub of Macau. The region has experienced a period of...
SeekingAlpha  Sep 21  Comment 
By The Vice Investor: Negative sentiment This year, casino operators in Macau are big dogs. Amidst the headlines on the risks of the explosion of the Chinese real estate bubble , the IMF's downward revision of Chinese forecasted growth and...
Benzinga  Sep 18  Comment 
In a note released September 16, FBR Capital analyst Jake Fuller explained that although it may not be time to step in just yet, Macau valuations are "starting to look interesting." Fuller suggests waiting until a "bottom" is more...




 
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