The Australian  Apr 16  Comment 
James Packer’s new Macau casino must have at least 400 gaming tables or risk being in default for a $US1.4bn loan.
Benzinga  Apr 16  Comment 
In a new report, analysts at Barclays explained their position on Macau gaming operators. Despite a positive overall view on Macau, analysts downgraded Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) and the Macau units of Las Vegas Sands Corp....
Motley Fool  Apr 15  Comment 
A proposal to limit visitors from Mainland China could hurt an already beaten up Macau gaming market.  Apr 15  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands  closed up on Wednesday by 1.74% to $56.77 despite news that the Macau gaming region in China plans to limit the number of tourists to the area from the Chinese mainland. Secretary for Social...
The Australian  Apr 15  Comment 
UBS has knocked down its price target on James Packer’s Crown Resorts by over 10pc to reflect lower earnings from its Macau joint venture.
Clusterstock  Apr 14  Comment 
Officials in the world's largest gambling hub have announced that visitation to the island from mainlanders will be capped at 21 million, according to the Macau Business Daily. This is to "rebalance" the quality of life of Macau's residents, but...
Benzinga  Apr 14  Comment 
In a new report, analysts at Credit Suisse summarized their take on Macau gaming stocks. Analysts believe that share prices of gaming stocks reflect an overly-optimistic fundamental view. Weakening Fundamentals Analysts feel that the...
Benzinga  Apr 10  Comment 
In a recent report, analysts at J.P. Morgan updated their outlook for Wynn Resorts International (NASDAQ: WYNN). While analysts lowered their Q1 earnings estimates and reduced their price target on Wynn’s stock, they maintain their Overweight...
Motley Fool  Apr 8  Comment 
Casino companies' stock prices have plunged recently, but one still stands above the rest.
Motley Fool  Apr 8  Comment 
Las Vegas Sands has been struggling the past year, raising the question of whether it needs fresh leadership to right the ship.


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]


  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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