Largest Casino Operators In Macau
A casino is a place where people engage in gaming and gambling activities whose results are not known with an aim of making money and other valuables such as gold. This gambling game is by chance and may result in gaining or losing money and other valuables. Most famous casinos around the world are places of extravagant and reckless spending of cash and other valuables. However, they can also be sources of wealth for those who play their cards well.
- Largest Casino Operators In Macau City
- Largest Casino Operators In Macau Spain
- Largest Casino Operators In Macau Casinos
Asia’s largest junket operator, Suncity Group, would bid for a Macau gaming license should the opportunity arise, its chief investment officer said this week.
Galaxy Entertainment, which has one of the biggest shares of high-roller revenue among Macau’s casino operators, fell as much as 3%. Suncity, the listed arm of Macau’s biggest junket operator. 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).
Largest Casino Markets
Macau
Gambling has been going on in Macau legally since the 1850s, generating more than half of China’s GDP, amounting to over USD $28,379 million. Tourists from across the globe visit the casino majorly because of the introduction of wagering games from the west. Other games include blackjack, Sic Bo, Fan Tan, Keno, baccarat, Greyhound racing, and bouleroulette slot machines with the latest entry being poker. The main companies facilitating casino acts are Las Vegas Sands and Galaxy Entertainment. The monetary unit used is Hong Kong Dollar. A board called the Gaming Inspection and Coordination Bureau regulates the casino industry. A casino should comply with tax requirements and contractual penal codes.
Las Vegas, Nevada
Las Vegas has the highest number of casinos in the US, with over 104 establishments and a turnover of USD $10,300 million. Major activities include slot machines video pokers, online betting, horse racing, and lotteries. There are four regions with high concentration of Casinos namely the Strip, North Vegas, Downtown, and the boulder strip. The largest casino in Les Vegas, Venetian, is built on a 243,684 square ground and holds 2,639 slots and table games. The casinos are regulated by the Nevada State Gaming Control Board and the Nevada Gaming Commission.
Singapore
The main casinos in Singapore, Marina Bay Sands and Resorts World Sentosa, opened their doors to the public in 2010. The casinos offer mostly lottery games including the 4D bets, Toto and Singapore Sweep, sports betting, online gambling, and horse betting. The revenue collected from all the casinos in Singapore is in excess of USD $5,479 million. The Casinos Control Act was passed in 2006 to ensure casinos are operated lawfully. The National Council of problem gambling was also put in places in August 2005 to regulate the casino activities. In 2005, the Prime Minister Lee Hsien Loong approved the building of legitimate casinos.
France
The casino industry in France began in the 17th century and has since grown to include activities such as porker, horse racing, lotteries, land-based gambling, internet gambling, and pool betting. French casinos generate total revenue of over USD 3,957 annually. In 2012, the Security Code was enacted to regulate casinos in the sea, climate resorts, and in marine carriers. Other parastatals regulating the industry are Pari Mutuel Urbain (PMU) which monitors horseracing and Francaise Des Jeux (FDJ) responsible for gaming and lotteries. The Regulatory Authority for Online games (ARJEL) is in charge of internet gambling.
Atlantic City, New Jersey
Established in the early 1800s with only lotteries, the industry has currently incorporated online betting, horse racing, off-track betting, amusement gambling and both the social and charity gambling. The Atlantic City-based casino employs more than 33,000 people with close to 30 million gamblers each year and generates more than USD $3,330 annually. The early laws were enacted in the early 1800s. In 1894, prohibitive laws were passed to make gambling illegal though it was legitimized in 1970 when a New Jersey Lottery was commissioned. A referendum conducted in 1976 passed that casinos should be built in the Atlantic City area only. In January 2011, a bill was passed to embrace online wagering when one attains 21 years.
Casino Controversy
The casino industry contributes greatly to the economy through taxation and also promotes tourism. However, opponents of casino gambling argue that the social and economic consequences of gambling far outweigh the revenue. Casinos are mainly built near hotels and other shopping facilities as a marketing strategy and also to offer those visiting a city a variety of option for their entertainment.
The World's Largest Casino Markets
| Rank | Location | Casino Revenue, in US Millions |
|---|---|---|
| 1 | Macau | 28,379 |
| 2 | Las Vegas, Nevada | 10,300 |
| 3 | Singapore | 5,479 |
| 4 | France | 3,957 |
| 5 | Atlantic City, New Jersey | 3,330 |
| 6 | Australia | 2,847 |
| 7 | South Korea | 2,512 |
| 8 | Germany | 2,081 |
| 9 | South Africa | 2,012 |
| 10 | United Kingdom | 1,209 |
| 11 | Poland | 1,126 |
| 12 | Niagara Falls, Canada | 1,203 |
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.
| 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
Largest Casino Operators In Macau City
See also[edit]
References[edit]
Largest Casino Operators In Macau Spain
- ^'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