Largest Casino Operators In Macau

Posted By admin On 01/04/22

Biggest Casino Operator In Macau
Largest Casino Operators In Macau Casinos

Location of Macau

Macau is an autonomous territory on the western side of the Pearl River Delta in East Asia. With a population of 650,900^[1] living in an area of 30.5 km² (11.8 sq mi), it is the most densely populated region in the world.

Macau is among the world's richest regions, and as of 2015 its GDP per capita by purchasing power parity is higher than that of any country in the world, according to the World Bank.^[2] It became the world's largest gambling centre in 2006,^[3] with the economy heavily dependent on gambling and tourism, as well as manufacturing. According to The World Factbook, Macau has the fourth highest life expectancy in the world.^[4] Moreover, it is one of the regions in Asia with a 'very high Human Development Index', ranking 18th in the world as of 2014.^[5]

Notable firms[edit]

This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

Notable companies
Active State-owned Defunct
Name	Industry	Sector	Headquarters	Founded	Notes
Air Macau	Consumer services	Airlines	Macau	1994	Airline
CEM	Utilities	Conventional electricity	Macau	1972	Power
China Construction Bank (Macau)	Financials	Banks	Macau	1972	Bank, part of China Construction Bank (Hong Kong)
Delta Asia Financial Group	Financials	Banks	Macau	1935	Bank
Industrial and Commercial Bank of China (Macau)	Financials	Banks	Macau	2009	Bank
Jet Asia	Consumer services	Airlines	Macau	1995	Airline
Macau Chinese Bank	Financials	Banks	Macau	2002	Bank
Macau Jockey Club	Consumer services	Gambling	Macau	1980	Horse racing
Macau.com	Consumer services	Travel & tourism	Macau	2006	Travel marketing
Manner	Consumer services	Entertainment	Macau	2013	Film production
Metis TransPacific Airlines	Consumer services	Airlines	Macau	2007	Defunct airline
OCBC Wing Hang Bank	Financials	Banks	Macau	1937	Bank, part of OCBC Bank (Singapore)
O'Che 1867	Consumer services	Specialty retailers	Macau	1867	Jewelry
Sands Macao	Consumer services	Gambling	Macau	2004	Casino
Shun Tak Holdings	Financials	Banks	Macau	1972	Bank
Sky Shuttle	Consumer services	Airlines	Macau	1997	Airline
Sociedade de Turismo e Diversões de Macau	Consumer services	Gambling	Macau	1962	Gambling
Transmac	Consumer services	Travel & tourism	Macau	1988	Bus service
Transportas Companhia de Macau	Consumer services	Travel & tourism	Macau	1950	Bus service
Viva Macau	Consumer services	Airlines	Macau	2005	Airline, defunct 2010
ZOTAC	Technology	Computer hardware	Macau	2006	Computer hardware

Grand Lisboa and Casino Lisboa
Casino Resort MGM Macau
Senado Square, Macau
Fisherman's Wharf

References[edit]

^'Preliminary Results of 2016 Population By-Census'. Statistics and Census Service. Macao SAR Government. 23 December 2016. Retrieved 13 January 2017.
^''GDP per capita, PPP (current international $)', World Development Indicators database'. Retrieved 15 September 2014.
^Barboza, David (23 January 2007). 'Macao Surpasses Las Vegas as Gambling Center'. The New York Times.
^'Life expectancy at birth'. CIA. Retrieved 12 March 2013.
^Macau in Figures, 2016

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Macau casinos suffered their worst month ever as travel restrictions during the coronavirus pandemic left the world’s biggest gambling hub struggling with few players and a heavy daily burn of cash. The gaming floor is one of the biggest and best designed in the city, where you can expect to stand elbow to elbow with high rollers. Michelin-starred restaurants, luxury hotels and the best house show in town are just some of the reasons that the City of Dreams is considered one of the most exclusive casinos in Macao. 2, Galaxy Entertainment Group Ltd, which is one of Macau’s biggest casino operators declined more than 3% on these fears, as the digital yuan continues to record new usage milestones in its two-month-old launch experiment in Shenzhen. Galaxy Entertainment Group (Source: TradingView).

This article is more than 2 years old.

Macau, the world’s largest casino hub, is expanding into Africa. Macau Legend, led by billionaire and former Macau legislator David Chow, is building a $275 million casino complex in Cape Verde, a set of islands off Africa’s west coast.

The 152,700 square-meter (1.6 million square feet) complex, which will house a resort, casino, office buildings, and a museum in Cape Verde’s capital city of Praia, is now in its first phase of construction. So far, a seawall has been built and construction of the hotel is expected to start soon, according to a Macau Legend spokesperson. The massive complex will be partially built on reclaimed land, area that was once under the sea. It should take at least another two years.

But the casino isn’t meant for Cape Verde’s half a million residents, many of whom depend on foreign aid flows, remittances, and tourism for their livelihoods. Instead, Macau Legend hopes to cater to tourists from Europe, elsewhere in Africa, and most importantly from China, the biggest source of customers for Macau’s casinos.

For the past four years, China has been the world’s largest outbound market. Chinese tourists spent $261 billion last year, a 12% increase from the year before, according to the UN World Tourism Organization (UNWTO). Spending from this market has seen double-digit growth every year since 2004 and is expected to continue expanding, according to the UNWTO.

Biggest Casino Operator In Macau

As China builds its “One belt, One road” or “Maritime silk road,” a network of land and sea transport links that roughly follow the ancient Silk Road route, more African countries will attract Chinese investors and tourists. Casino companies in Macau, where gambling revenues have fallen during an anti-corruption campaign in China, are looking to capitalize on this.