Surprisingly, Macau the only legal gaming city in China, has released very promising financial results and analysts have predicted 14% growth for full 2012 full yaer revenue. But, Macau is beating the expectation. Official results announced that Macau combined revenue for first 2 months of 2012 up by 28% year to year comparison, far higher than 14% as expected, but this may be due to the high revenue on the peak season on Feb 2012.
Quick glance of the Casino gaming revenue for the past 2 year...
| 2010 | 2011 | 2012 | |
| in US$ | in US$ | in US$ | |
| Macau | 23.5b | 33.5b | 38.2b |
| Singapore | 3.93b | 6.4b | 7.2b |
| Las Vegas | 5.8b | 6.2b | na |
Most of the Las Vegas Casino operators moved their focus to Macau and Singapore, trying to fight for the big pie from the economic boom of Asia countries, casino tycoon Sheldon Andelson and his $4.4b Casino resort in Macau after launched his successful Marina Bay Sands in Singapore 2 years ago.
Macau has a total 33 casinos operates in this small tiny island and it took over the helm from Las Vegas in 2006 as the top casino in the world..
Macau has a total 33 casinos operates in this small tiny island and it took over the helm from Las Vegas in 2006 as the top casino in the world..
Money money money, i want all your money money money....LOL
Below is copied from business insider.... good one
AP
Everyone was expecting a huge slump for China's gambling hotspot Macau this year.
Guess what? It hasn't happened.
Recent figures (and also Evan Osnos's great recent New Yorker article) suggest that, for all its faults, Macau is still destroying Las Vegas in every area that matters.
Gaming revenue rose 42% in 2011.
Guess what? It hasn't happened.
Recent figures (and also Evan Osnos's great recent New Yorker article) suggest that, for all its faults, Macau is still destroying Las Vegas in every area that matters.
Gaming revenue rose 42% in 2011.
Inside the Sands Cotai Central, AP(Source)
Bank of America analysts Shaun C. Kelley and Matthew A. Cole have predicted 14% growth in 2012.
The Galaxy Macau, AP(Source)
But so far, Macau is beating that. January-February 2012 combined revenues were up 28 percent year-over-year.
Inside the Sands Cotai Central, AP(Source)
In 2006 Macau’s casino revenues had surpassed those of Las Vegas.
AP(Source)
The money passing through Macau today is more than 5 times that going through Las Vegas.
AP(Source)
Growth has averaged around 19% for a decade.
AP(Source)
Billionaire Sheldon Adelson's new Sands Cotai Central casino costs $4.4 billion and opened this month.
APAmongst its features, a 2,500 kilogram (5,500 pound) bronze and gold "God of Fortune" statue.
The Sands Macau, opened in 2004, recouped its $265 million construction costs in a year.
The Sands Macau,AP(Source)
Steve Wynn makes two-thirds of his global profits in Macau.
Mr. Stephen A. Wynn, Chairman and CEO of Wynn Resorts (left) and Mr. Edmund Ho Hau Wah, Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), AP(Source)
Fitch believes that the VIP segment will continue to drive 70% to 75% of total gaming revenue, but mass market is also growing.
The Galaxy Macau, AP(Source)
Infrastructure is improving too — A high speed train to Beijing is being built, and a bridge to Hong Kong will open in 3 to 4 years.
AP(Source)
While there are huge wage disparities, life can be good for those living there. Unemployment is below three per cent.
MGM Grand Macau, AP(Source)
The average citizen earns more than the average European.
AP(Source)
And government tax revenue is so high that residents get occasional checks under a program named the Wealth Partaking Scheme.
Grand Lisboa Casino, AP(Source)
Above is copied from http://www.businessinsider.com/macau-china-gambling-facts-2012-4?op=1#ixzz1sMoCxbEC
