A Trip to Macau. Fact Finding Mission

Posted on April 12th, 2015

Well, as the saying goes, it´s a dirty job (but someone´s got to do it). We are heading to Macau: Asia´s (and some would say the world´s) casino hub today.

banyan-tree

The Banyan Tree, Macau

This former Portuguese territory is a short jet-foil trip across thre Pearl River delta from Hong Kong. It´s booomed in the last decade to overtake Las Vegas as the world´s largest gambling town.

And there´s still plenty of development going on, even though the numbers coming out of this Special Administartive Region of China (S.A.R.) this year don´t look as rosy as they have previously.

Melco Crown and Galaxy Entertainment Group Ltd. are opening new palaces this year, then Wynn Macau, MGM China Holdings Ltd. and Sands China Ltd. are opening more in 2016.

The Chinese government has recently requested that the big companies diversify more in to entertainment, to match the broader offer of Las Vegas. It looks like this is falling on open ears, as all the developers seem to be singing from the same song book.

Chinese President Xi Jinping’s big crackdown on corruption, his anti-vice campaign and a slowing economy have resulted in a 10-month reduction in gross gaming revenues in Macao. The casinos can no longer rely on the baccarat high roller to bring the money in. They need to attract more families and that means better entertainment, world class shopping and

We´re going to take a look at the Banyan Tree in Macau, and then head for the Cotai strip to see how this town compares to Vegas.

In March, Macau saw a 39.4% decline in year on year gaming revenue, the 10th monthly decline in a row. The total of 21.5 billion Macau patacas was up 10% higher than the February figure, however.

Analysts expect April and May revenue to decline by a third versus last year. Should be some deals to be had then!

Topics

Related Posts

Christmas, December 2013. Cars, Holidays, Theatre and Bonus Cash

Well, we were hoping to at least get to December before whipping ourselves up into a festive frenzy this year (am I the only one who groans at the Christmas ads on the telly when it’s still November? That’s why...

Casino Cheat Jailed at the New Singapore Marina Bay Sands

Casino cheats beware if you are heading to the brand new Marina Bay Sands casino complex in Singapore! A player from Tanzania has been sentenced to 3 years in the clanger for cheating Marina Bay Sands casino of more...

Is EuroVegas Falling Victim to the Euro Crisis? Or Will The Spanish Win Another Cup?

It’s the 20 Billion Dollar question. Is Sheldon Adelson’s Eurovegas project (building a massive casino complex in Spain) hitting the brakes due to the Eurozone crisis, or is Spain going to follow Euro 2012 glory with another massive win-...