We know that Macau had a blockbuster 2010, more than doubling the revenue of Nevada’s 329 non-restricted gaming locations with its 33 casinos. According to two CLSA analysts, 2011 will be an even better year for the SAR. From Bloomberg:
Casino revenue in Macau, the world’s biggest gambling hub, may climb 30 percent to $30 billion this year as visitors from mainland China increase, CLSA Ltd. said.Billionaire Stanley Ho’s SJM Holdings Ltd. was also upgraded to “buy” from “outperform” with a new share-price estimate of HK$18.40 at CLSA, according to a note to clients from Hong Kong-based analysts Aaron Fischer and Huei Suen Ng. The brokerage earlier predicted Macau casino gambling growth of 20 percent for 2011.
via Macau Casino Revenue Forecast Raised to 30% by CLSA, Spurring Stock Rally – Bloomberg.
That’s a bullish outlook, but one that’s justified by Macau’s growth to date and the potential for this year. I wouldn’t be surprised to see Macau triple Nevada’s gaming revenues with one-tenth its casinos.
Its been fascinating watch Macau equal, then overtake, Las Vegas as the world’s casino gambling capital. I think this is probably the biggest development in the gaming world in the 2000s.
That gives me an idea: if I have the time, I might put together an article about the ten biggest developments/news stories of the decade 2000-10. Here’s a tentative list, just off the top of my head:
2. Wynn sells Mirage
3. Consolidation on the Strip
4. Wynn Resorts is born, grows
5. The 2004-7 bubble
6. Atlantic City implodes
7. California Indian casinos grow
8. Mid-Atlantic casino proliferation
9. The recession
10. Online gaming’s halting progress