Comment – As reported by Globalysis, it again proves that the Macau Casino revenues are and keep growing, they expect revenues to be up to USD$8BN in the year 2007. This must sound like music to the ears of Las Vegas Sands, PBL Melco and Steve Wynn whom are all opening new casinos in the coming year!
Full article as quoted by: Globalysis – LAS VEGAS, NV and MACAU — August 03, 2006 — Globalysis Ltd. issued a forecast today of expected gross gaming revenue (GGR) in Macau Special Administration Region (Macau SAR) for calendar year 2007. The forecast estimated that legal casino gaming revenue in Macau would rise to approximately USD$8.0 billion in the calendar year 2007 from an estimated figure of USD$6.8 billion in calendar year 2006; this would represent an approximate 18% increase year over year.
Some of the cited success factors for Macau which will contribute to the positive growth are strong macro-economic activity, robust tourism industry capital investments, increasing disposable income figures from countries such as China, and expected increases in direct airline service into Macau from low-cost carriers (LCCs).
Mr. Jonathan Galaviz, Partner at Globalysis, stated, “Macau will continue its transformation into a holistic leisure tourism destination in 2007. We believe that Macau’s casino gaming revenue in 2007 will be driven by substantial growth in non-casino amenities such as new convention center venues and innovative entertainment options incorporated into Macau’s fresh Las Vegas style integrated resorts.”
The Globalysis report cited new Las Vegas style integrated resorts opening in Q4 of 2006 and mid-2007 as providing new tourism value propositions to consumers in Asia. In addition, the growth of Macau as a true tourism destination, rather than just a day-visit casino gaming hub, will contribute to the positive growth in 2007 as well.
With more than $20 billion worth of investment committed to some 25 new hotels and casinos in the next five years the southern Chinese territory is expected to emerge as a world-class tourism destination, according to analysts Globalysis.
In January 2006, Globalysis issued a forecast of Asia’s total expected casino gaming revenue for calendar year 2006 at approximately USD$13 billion.
About Globalysis
Globalysis Ltd. is a Las Vegas, Nevada based boutique research and advisory firm that focuses on the casino gaming, airline, and hotel/lodging industries within the tourism sector.
Note to Editors: The Globalysis research report will be provided on a complimentary basis to the press and requests can be made at the contact information listed herein; the report is provided in PDF format.
Contact:
Contact: Globalysis Media Relations +1 702-990-3880
E-mail: Email Contact
Website: http://www.globalysis.com/
© 2006 Globalysis Ltd., All Rights Reserved
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