It is a well known fact that the gambling industry round the globe is experiencing lots of difficulties; a great number of countries are trying to implement new rules and regulations, others are against the expansion of the gambling activities.
Nevertheless, there are some regions that are predominantly famous for being appealing gambling destinations. Despite the pessimistic situation with the casinos, located in New Jersey, several businessmen decided to invest in the unprofitable venues. It looks like the casinos in the Asian gambling Mecca – Macau, are going to have the same fate. Many casino moguls have already expressed their willingness to conquer the Asian gambling sector.
The main competitors are believed to be Melco Crown, Wynn Resorts and Las Vegas Sands. They already have their casinos in Macau but the next year will be crucial for the expansion of their business. Is that the right time for making big investments? The latest reports show the following:
The three providers, mentioned above, have the most sustainable presence in the gambling sector in Asia and in Macau in particular. Being a leader in the gambling sector in Macau brought a lot of benefits to the companies and made their venues popular round the globe.
However, Macau is currently experiencing the worst decline in the revenues ever. The Chinese authorities have taken the responsibility of limiting the corruption and restricting the VIP players.
The report about the revenue for October says that it fell by 23%. Although the situation was not much brighter earlier this year, October has been the worst month so far.
Although the casino moguls and market analysts expected a slight improvement, the local gambling industry will continue experience various difficulties at least a few more months.
Yet, just like in the case with Atlantic City, there is a positive aspect of the decline. It reveals a perfect opportunity for investors to start recovering procedures in the problematic venues and turn them into profitable ones.
Las Vegas Sands is a major gambling provider. Although the company has its venues in the United States and Singapore, the casino, based in Macau, brings the greatest profits.
The future plans of the authorities are establishing a luxurious hotel in Macau within two years and gaining more than 40% of the market share. Expanding the business to Japan and North Korea is also a top priority of the owners.
The situation with Wynn Resorts is pretty much the same. The casino in Macau generates the highest profits. The total number of rooms is 1, 008; the casino floor is impressive as well.
As far as the revenue of Melco Crown is concerned, all of it is generated on the Asian gambling market and the City of Dreams in particular. Next year will be full of events for Melco Crown. A new venue will be opened and it is considered to be a great step towards expanding the business of the company.
Admittedly, all gambling providers are determined to become leaders on the market but according to the forecast of a prestigious market analyst, Las Vegas Sands is most likely to report a growth within the next couple of months. Even the most experienced expert is not able to give precise information and estimates but the expectations are that the company will become even most prosperous one because of its current position of the market and the proactive approach of the authorities.
