Melco Resorts billionaire Lawrence Ho says margins on general public play are typically four times higher than VIP win.<\/p>\n
Macau is home to six concession holders \u2013 Las Vegas Sands, MGM Resorts, Wynn Resorts, SJM Holdings, Galaxy Entertainment, and Melco Resorts.<\/p>\n
Sands is the dominate operator. The casino parent to The Venetian, Parisian, Cotai Central, Plaza, and Sands Macau accounted for 31 percent of Macau’s mass market gaming revenue last year.<\/p>\n
\nWe view LVS as best positioned among global gaming operators due to its mass market orientation,” Fitch said in its report. “The mass market segment in Macau is less cyclical, more profitable, and benefits from secular tailwinds related to the rising middle class and improved transportation infrastructure in the greater China area.”<\/p>\n<\/blockquote>\n
The Hong Kong to Macau bridge, a 34-mile expanse across the Pearl River Delta, opened last fall. The $19 billion project drastically cuts down automobile travel time between the two densely populated regions from four hours to just 35 minutes. The bridge is expected to make Macau a more desirable location for business conventions and exhibitions due to the linkage to Hong Kong’s airport \u2013 the eighth-busiest airport in the world.<\/p>\n","protected":false},"excerpt":{"rendered":"
Fitch Ratings analysts say Macau casinos will report flat gross gaming revenue (GGR) or single-digit growth in 2019. The world’s richest gaming hub will be impacted by the ongoing economic slowdown in China, the country that is responsible for the vast majority of visitor arrivals in the enclave. Casinos in the Special Administrative Region won […]<\/p>\n","protected":false},"author":25,"featured_media":103872,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18943],"tags":[],"acf":[],"yoast_head":"\n
Analysts Predict Flat Macau Casino Win, China Economic Slowdown Cited<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n