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Macau Tourism |
Wall Street Journal
2 hrs ago
Comment
A team of former Las Vegas Sands executives with experience in Macau has been chosen to manage the gambling operations of a $3.5 billion resort in the Bahamas.
Benzinga
May 21
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Citigroup issued a note Tuesday morning suggesting Macau's gambling revenues may reach 30.5B patacas for May, following a record setting 31.3B in revenue for the month of March.
The model behind Citi analyst Anil Daswani's figures assumes an...
Wall Street Journal
May 15
Comment
Macau casino operator Galaxy Entertainment Group said its first-quarter adjusted earnings rose, fueled by record wins from mass-market gamblers in the world's largest gambling market.
Wall Street Journal
May 15
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SJM Holdings, controlled by the family of mogul Stanley Ho, became the last of Macau's gambling companies to get government approval to build a project in territory's Cotai area.
Wall Street Journal
May 14
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A Nevada jury on Tuesday ordered Las Vegas Sands to pay a Hong Kong businessman $70 million for helping the casino giant enter the lucrative Macau gambling market.
Benzinga
May 10
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Gambling is akin to trading, but with much more risk of failure. Everyone knows Las Vegas as the gambling capital of the United States, but Macau is hot and growing.
Macau is designated a special administrative region...
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more ▼WIKI ANALYSIS
WIKI ANALYSISTOP 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
Statistics based on macau statistics and census services [1]
^Estimates based on “Visitors Arrivals for October 2007” [2]
References
- ↑ Tourism Statistics 2006, "Tourism Statistics", Macau Census
- ↑ "Visitors Arrivals for October 2007", Macau Census
External Links
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