Tag: Macau Crown Resorts
Macau looks a potential winner for Crown Resorts
January 9, 2014
Fool.com.au – After almost eight years of steady casino development in Macau and 33 casinos now in operation, a new report by Citi Group says that no major casino opening is planned until mid-2015. Those already established will be better positioned to grow earnings, based on larger numbers of tourists and gamblers arriving at the Asian gambling mecca. Crown Resorts (ASX: CWN) and its joint venture Melco Crown has three casinos operating in Macau under its “City of Dreams” integrated resorts brand. The largest casino operator, SJM Holdings, has 20 under the control of gambling king Stanley Ho. The pause…