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EvenBob
EvenBob
Joined: Jul 18, 2010
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March 27th, 2012 at 4:45:34 PM permalink
Quote: pacomartin

The key to Macau's huge earnings is the willingness of the average Chinese player to sit at the table and bet and re-bet for significantly longer than the average Western player. Most casinos have the goal of getting a Western player to gamble for four hours a day.



Somebody here mentioned that calling gambling entertainment
would be confusing to the average Chinese player. They take
baccarat very seriously.
"It's not enough to succeed, your friends must fail." Gore Vidal
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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March 28th, 2012 at 5:04:36 PM permalink
Here is an article I just read from from Forbes:
Gambling's Biggest Prize
The premise of the article is that China will eventually legalize gambling on the mainland, and Wynn and Adelson are doing their best to be prepared when it does happen. Meanwhile, MGM Grand is already building a resort hotel on the island of Hainan, with everything EXCEPT gambling.

I thought it was a good read.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
pacomartin
pacomartin
Joined: Jan 14, 2010
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March 31st, 2012 at 12:41:22 PM permalink
When the announcement is made for March
Macau is expected to come in well over the 20,087 million patacas from March 2011, but still under the record breaking 26,851 million patacas from October 2011.

$3 billion US = 23,293 million patacas.
$10.862 billion is gaming revenue for the entire state of Nevada
pacomartin
pacomartin
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April 3rd, 2012 at 12:41:04 AM permalink
24,989 million patacas for March. The 3rd highest month ever.
But Sands® Cotai Central, will officially open on Wednesday, April 11, 2012 so April will probably break the record again.

$3.32 was the gaming revenue for Atlantic City in the year 2010 (and still going down),
$3.00 billion US = 23,293 million patacas.

So we will shortly be at the point where Macau has greater revenue in one month, than AC has in a year.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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April 3rd, 2012 at 4:20:29 AM permalink
Quote: pacomartin

So we will shortly be at the point where Macau has greater revenue in one month, than AC has in a year.


How many car thieves, crack sellers, hookers, pickpockets and panhandlers and crooked politicians does Macau have?
calwatch
calwatch
Joined: Feb 7, 2010
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pacomartin
pacomartin
Joined: Jan 14, 2010
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April 4th, 2012 at 12:05:34 AM permalink
Quote: calwatch

Here's an interesting article in the New Yorker on Macau.



U.S. authorities are investigating his company’s compliance with the Foreign Corrupt Practices Act.

That is a good article. I have always wondered if Sheldon would just sell his American interests and just leave the country if they are hassling him. The American operations are only a small part of the company, and with the new casinos opening, that percentage is shrinking.
Lionheart
Lionheart
Joined: Apr 15, 2012
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April 15th, 2012 at 3:37:11 AM permalink
I was in Macau when Sands@ Cotai Central opened on April 11, 2012.

I am staying in Wynn Macau and really like the VIP typed of casino.
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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May 22nd, 2012 at 2:23:13 PM permalink
Casinos bet on Macau growth but China a wildcard
Could the "out of control" growth be coming to an end? As an investor in a few casino companies that operate in Macau, I hope not! But you can't keep up those insane growth numbers forever.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
pacomartin
pacomartin
Joined: Jan 14, 2010
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May 22nd, 2012 at 6:49:51 PM permalink
Statistically, you would expect more fluctuation than you have seen. Since they don't publish numbers for the drop, it is difficult to say what is going on. But in Vegas there is quite a lot of variation between earnings and drop over the years.

If it kept going at 70%-90% you would be talking about an incredible amount of money being spent.

That is $37 billion US dollars in earning in the last 12 months. Assuming a 20% win rate, that is about $185 billion dollar drop in a year. The total of all the cash in China is about $600 billion. So that number is fairly incredible.

Month Patacas Increase Percent
Jan 5,362 62.50%
Feb 5,533 69.90%
Mar 4,038 42.40%
Apr 5,846 70.10%
May 8,276 94.10%
Jun 5,373 65.00%
Jul 6,740 70.40%
Aug 4,505 40.00%
Sept 4,359 39.80%
Oct 6,269 49.80%
Nov 5,139 42.10%
Dec 7,536 66.40%
Jan 4,634 33.20%
Feb 6,418 47.70%
Mar 6,518 48.00%
Apr 6,321 44.60%
May 7,231 42.40%
Jun 7,150 52.40%
Jul 7,902 48.40%
Aug 8,996 57.00%
Sept 5,942 38.80%
Oct 7,982 42.30%
Nov 5,704 32.90%
Dec 4,725 25.00%
Jan 6,469 34.80%
Feb 4,423 22.30%
Mar 4,902 24.40%
Apr 4,496 21.90%
May 2,674 11.00%

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