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Macau Tourism

Concept

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.

[edit] Geographic Location

Macau is strategically located near the hotspots of Asia; namely, coastal China, Hong Kong, Taiwan, India, Japan and Korea. Numerically, it is less than an hour's flight away for more than a billion people. This location in the cradle of Asian growth and development allows Macau to fully enjoy the region's current economic trends.

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)

[edit] 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]


[edit] References

  1. Tourism Statistics 2006, "Tourism Statistics", Macau Census
  2. "Visitors Arrivals for October 2007", Macau Census
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