Motley Fool – Macau’s gaming market is now seven times the size of the Las Vegas Strip and outgrew the Sin City 18.5% to 4.8% in 2013. So, we should at least be pondering if there’s an upper limit to how large the market can grow. It’s the growth of Macau’s overall market that will really drive Las Vegas Sands, Wynn Resorts, Melco Crown, and MGM Resorts over the next few years. Other than trading market share between one another and the other two concessionaires, SJM and Galaxy, that’s the only way to grow. First, let’s look at the size of…

Macau gambling revenues totaled 361.866 billion patacas (US$45.233 billion) in 2013, representing a year-on-year rise of 18.55 percent, the Macau Gaming Inspection and Coordination Bureau (GICB) said. Total revenues include casino gaming, horse and dog racing, Chinese lotteries, scratch cards and betting on soccer and basketball games. Casino gaming revenues totaled 360.749 billion patacas (US$45.093 billion), which was a year-on-year rise of 18.61 percent. The remaining 1.117 billion patacas were spent on other types of gambling. Baccarat, both VIP and standard versions, accounted for 91.51 percent of total gambling revenues or 330.123 billion patacas. Slot machine revenues totaled 14.384 billion…

Press Release – Don’t be surprised if you haven’t heard much about Macau; it isn’t a place that gets very much publicity, but in the world of gambling, it is an extremely important destination. In fact, most of Macau’s economy is based on gambling, and people that travel there to gamble. However, another place in China has been getting in on that income stream and it is becoming dangerous to Macau’s existence. Many players looking to go to Macau to gamble are put off by pricey hotels and other expenses, but there are companies in Hong Kong that are out…

Reuters – Gambling revenue in Macau rose 17.6 percent in August year-on-year, buoyed by a steady flow of wealthy Chinese punters to China’s only legal casino hub. August’s revenue of 30.7 billion patacas ($3.88 billion) was the second strongest figure this year, according to government data released on Monday. Analysts had forecast August growth in the world’s biggest gambling market to be up 17-19 percent. A Portuguese colony until 1999, Macau’s gambling revenues are closely twinned with China’s economy as more than two-thirds of its visitors coming from the mainland. Analysts are mostly bullish on Macau, citing low penetration among…

Macau Daily Times – At the end of the second quarter of 2013, the Gaming Sector had 54,554 full-time employees, up by 5.5% year-on-year. The Statistics and Census Service’s (DSEC) analysis by occupation indicated that 24,031 were dealers, up 4.3% year-on-year, while 13,777 were hard & soft count clerks, cage cashiers, pit bosses, casino floor persons, betting service operators, etc., down slightly by 0.1%. In June 2013, the average earnings (excluding bonuses and allowances) of full-time employees stood at MOP18,900, up by 6.5% year-on-year. Average earnings were MOP16,720 for dealers, and MOP22,400 for hard & soft count clerks, cage cashiers,…

From iGaming Business – Macau recorded an annual 20% rise in gambling revenues for the month of July to US$3.7bn thanks to a boost in stakes and numbers of mainland Chinese visitors to the gambling hub. The amount was the third strongest figure for 2013 and was achieved thanks to a rise in middle-class gamblers visiting Macau who balanced out high-roller activity. Analysts suggested a slowdown in China’s economic growth had kept away some wealthy customers, who often spend up to US$160,000 on a single bet according to local media, but Macau’s gambling venues had benefited from China’s large and…