RECENT NEWS
TheStreet.com  30 min ago  Comment 
NEW YORK (TheStreet) -- Macau is on a losing streak.  China's gambling city and casino hub saw its gross gaming revenue fall to its lowest level in four years. For June, revenue dropped 36.2% to $2.2 billion dollars. China's slowing...
TheStreet.com  5 hrs ago  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp. are rising by 3.18% to $54.24 in early afternoon trading on Wednesday, as the casino sector rallies despite a 36% drop in Macau's gaming revenue. This is the 13th consecutive month that...
TheStreet.com  6 hrs ago  Comment 
NEW YORK (TheStreet) -- Shares of MGM Resorts International are climbing higher by 3.73% to $18.93 in late morning trading on Wednesday, as the casino sector continues Tuesday's rally, despite data from Macau showing the 13th consecutive month...
TheStreet.com  6 hrs ago  Comment 
NEW YORK (TheStreet) -- Shares of Wynn Resorts were gaining 5.6% to $104.21 Wednesday, adding to gains from Tuesday following news of relaxed Macau visa rules and despite lower gaming revenue in Macau in June. China eased its restrictions on...
Wall Street Journal  Jul 1  Comment 
Anticorruption measures and visa policies are among the factors blamed for the dramatic slump in the Chinese casino hub.
Financial Times  Jul 1  Comment 
TheStreet.com  Jun 30  Comment 
NEW YORK (TheStreet) -- Shares of Wynn Resorts Ltd. finished the day in the green, up by 5.05% to $98.67 at the close on Tuesday afternoon, as casino stocks got a jolt from China's decision to ease visa restrictions to mainland tourists...
TheStreet.com  Jun 30  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands were gaining 3.6% to $51.96 Tuesday following reports of relaxed rules for Macau visas. China eased its restrictions on local tourists visiting Macau, letting them stay in the city for seven...
Forbes  Jun 30  Comment 
Analyst says electronic gaming terminals in Macau are 37% more profitable than equivalent traditional tables.




 
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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