{"id":56558,"date":"2017-08-12T14:00:52","date_gmt":"2017-08-12T21:00:52","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=56558"},"modified":"2017-08-12T12:53:32","modified_gmt":"2017-08-12T19:53:32","slug":"macau-peninsula-playing-second-fiddle-cotai-strip-says-analyst","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/macau-peninsula-playing-second-fiddle-cotai-strip-says-analyst\/","title":{"rendered":"Macau Peninsula Playing Second Fiddle to Cotai Strip, Says Analyst"},"content":{"rendered":"

Macau\u2019s downtown peninsula, the traditional gaming hub of the semi-autonomous enclave, is likely to go the way of downtown Vegas, becoming a secondary market eclipsed by the larger, grander properties of the Cotai Strip.<\/p>\n

\"Macau
Macau\u2019s glittering Cotai Strip, whose development is mirroring the rise of the Las Vegas Strip, overshadowing the original downtown area and creating two distinct gaming markets. (Image: Sheraton Macau)<\/figcaption><\/figure>\n

So says says\u00a0Andrew Klebanow, a senior partner of US-based consultancy Global Market Advisors. Klebanow suggested this week that downtown Macau will soon be overshadowed by Cotai, in a pattern that will mirror the development and rise of the Las Vegas Strip in the nineties.<\/p>\n

\u201cDowntown Las Vegas devolved into a second tier gaming destination, attracting people with low-priced accommodations, cheap food and better gaming odds,\u201d said Klebanow. \u201cNot only did that not stop the loss of market share to the Strip, it prevented downtown owners from reinvesting in their properties\u2026 In short, the [Macau] Peninsula casinos with one or two notable exceptions, will continue to lose market share to those more alluring properties on Cotai.<\/p>\n

Competitive Advantage<\/strong><\/h2>\n

The first casino on Cotai, a reclaimed landfill site, was Galaxy Entertainment\u2019s Grand Waldo Hotel, which opened its doors in 2006.<\/p>\n

It was followed a year later by the first of its breathtakingly big integrated resorts, Las Vegas Sands Corp\u2019s Venetian Macau<\/a>. In fact, LVS, with an inkling of things to come, itself coined the term \u201cthe Cotai Strip\u201d and owns the copyright.<\/p>\n

Cotai is appealing to developers in the world\u2019s biggest gaming market because of the competitive advantages the space affords.<\/strong><\/p><\/blockquote>\n

It permits the construction of large non-gaming amenities that attract the mass market, shopping malls and entertainment venues that the Peninsula casinos have no room for.<\/p>\n

Peninsula Market Will Survive<\/strong><\/h2>\n

The Cotai Strip has seen a flurry of construction activity over the past few years, with the enclave\u2019s newest and most impressive properties, such as the Wynn Palace Macau, LVS\u2019 Parisian Macao, and Melco Resorts and Entertainment\u2019s Studio City, opening in quick succession.<\/p>\n

All are geared to the mass market as the region pivots away from its reliance on the VIP segment.<\/p>\n

\u201cThe majority of the peninsula casinos will survive,\u201d said Klebanow.\u00a0\u201cThey will always enjoy the advantage of having properties that are easy to get in and out of\u2026 Some of those properties will be sold to more nimble operators or to people and companies that think they can operate those casinos better than their predecessors.<\/p>\n

\u201cWhat is inevitable though, is the continued growth in market share by the casinos on Cotai,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Macau\u2019s downtown peninsula, the traditional gaming hub of the semi-autonomous enclave, is likely to go the way of downtown Vegas, becoming a secondary market eclipsed by the larger, grander properties of the Cotai Strip. So says says\u00a0Andrew Klebanow, a senior partner of US-based consultancy Global Market Advisors. Klebanow suggested this week that downtown Macau will […]<\/p>\n","protected":false},"author":42,"featured_media":56560,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\nMacau Peninsula Playing Second Fiddle to Cotai Strip, Says Analyst<\/title>\n<meta name=\"description\" content=\"Macau is following the Vegas pattern of splitting into two distinct gaming markets, says analyst.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau Peninsula Playing Second Fiddle to Cotai Strip, Says Analyst\" \/>\n<meta property=\"og:description\" content=\"Macau is following the Vegas pattern of splitting into two distinct gaming markets, says analyst.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/macau-peninsula-playing-second-fiddle-cotai-strip-says-analyst\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-12T21:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-08-12T19:53:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/08\/Cotai-Strip-640.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"427\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-peninsula-playing-second-fiddle-cotai-strip-says-analyst\/\",\"url\":\"https:\/\/www.casino.org\/news\/macau-peninsula-playing-second-fiddle-cotai-strip-says-analyst\/\",\"name\":\"Macau Peninsula Playing Second Fiddle to Cotai Strip, Says Analyst\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-peninsula-playing-second-fiddle-cotai-strip-says-analyst\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-peninsula-playing-second-fiddle-cotai-strip-says-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/08\/Cotai-Strip-640.jpg\",\"datePublished\":\"2017-08-12T21:00:52+00:00\",\"dateModified\":\"2017-08-12T19:53:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Macau is following the Vegas pattern of splitting into two distinct gaming markets, says analyst.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-peninsula-playing-second-fiddle-cotai-strip-says-analyst\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/macau-peninsula-playing-second-fiddle-cotai-strip-says-analyst\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-peninsula-playing-second-fiddle-cotai-strip-says-analyst\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/08\/Cotai-Strip-640.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/08\/Cotai-Strip-640.jpg\",\"width\":640,\"height\":427,\"caption\":\"Macau\u2019s glittering Cotai Strip, whose development is mirroring the rise of the Las Vegas Strip, overshadowing the original downtown area and creating two distinct gaming markets. 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