Macau has unquestionably been the casino gambling success story of the post GFC era. Increases in gross gaming revenue from 2007 to 2011, in the order of 50% to 70% annually, were nothing short of staggering. 2012 was a different story. There was still growth (very healthy by Western standards), but nothing like preceding years...
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Yes this is the Las Vegas Bellagio, not the Macau Bellagio. And yes again, there is currently no Macau Bellagio…but it looks very much like one is on the way. On October 18 this year MGM was awarded its first Cotai strip land concession and plans to build a 500 table casino and hotel...
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It’s no revelation that casinos are a dominant part of the culture and ethos of Macau. Just how dominant was highlighted by the Reuters this week when they reported that the former Portuguese colony, the most densely populated territory on earth with half a million residents and 28 million tourists annually, has only one public...
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Baccarat is the simplest of games. Once you’ve bet on Banker or Player (or Tie if you really want to throw your money away) the dealer does the rest and there is nothing more you can do to influence whether your bet will win or lose. But this isn’t how many Chinese gamblers see...
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What a place Macau is! You can read the analysts reports on how gaming revenues in Macau continue to climb and dwarf figures in Las Vegas by ever increasing multiples; you can see pictures of the latest and greatest mega integrated casino resort to open its doors; you can hear stories of the players...
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While most of the world was in the grips of the dreaded GFC, 2008 proved to be a massive year for Macau casinos with an almost 50% increase in gross gaming revenues compared with 2007. 2009 was bigger again and then 2010 saw a hard to comprehend 70% increase on 2009! It’s unlikely that...
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Looks like Las Vegas may have finally broken the shackles of the post GFC doldrums that have seen visitor numbers and casino handle slump over the last few years. Strip gaming revenues have dwindled from $6.8 billion in 2007 to $5.8 billion in 2010, but there are indicators the worm is turning. According to...
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Online travel agents Expedia have come up with their top 10 high roller gambling destinations. Can’t say they’ve hit the nail flush on the head with this list which has a couple of questionable inclusions as well as glaring omissions (Marina Bay Sands for example doesn’t get a mention!). Then again, maybe their criteria...
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As the only company in the world with a major presence in each of the three largest casino gaming markets; Macau, Singapore and Las Vegas, I always think of Las Vegas Sands Corporation as a wonderful barometer for the fluctuating fortunes of these markets. LV Sand’s Q2 results were released Tuesday this week and...
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There’s been a bit in the news lately about the role VIP junket operators play, or should play in two of the world’s biggest casino markets…Macau and Singapore. Over in Singapore, where no VIP operator (junket operator) licenses have yet been issued by Singapore’s Casino Regulatory Authority (“CRA”), Sands CEO Sheldon Adelson has accused...
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