RECENT NEWS
Benzinga  5 hrs ago  Comment 
With November Macau gaming revenue numbers due out Thursday, Citi has upped its price targets for Macau casino stocks and believes the world’s largest gaming destination will return to positive revenue growth in 2017. Things Looking Brighter...
Motley Fool  Nov 23  Comment 
The resort hopes high rollers can make up for the shortfall from the mass-market audience.
Motley Fool  Nov 23  Comment 
Developers think this location will dwarf Las Vegas as a gambling destination.
Motley Fool  Nov 19  Comment 
Despite getting off to a fast start, the luxury casino operator is finding the going more difficult than expected.
Motley Fool  Nov 15  Comment 
The Chinese territory that once focused on high-rollers is slowly shifting to a model of diversified entertainment, where gambling is just one part of the mix.
Flightglobal  Nov 10  Comment 
A Tigerair Airbus A320 had to return back to Macau on 8 November, following an engine problem.
Motley Fool  Nov 4  Comment 
The newly opened resort in the Chinese territory could be the most important property in Wynn Resorts' portfolio, but it isn't running at full speed yet.
Benzinga  Nov 4  Comment 
To American investors, Macau may be the Las Vegas of China. However, even after Macau’s revenue downturn in recent years, it still generates roughly three times as much annual gaming revenue as Las Vegas. But size isn’t everything, and...
Benzinga  Nov 4  Comment 
Shares of Las Vegas Sands Corp. (NYSE: LVS) were trading higher by more than 3 percent ahead of Friday's opening bell after the casino operator reported better-than-expected third-quarter results. Thomas Allen of Morgan Stanley maintains an...




 
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

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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

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