May 16, 2010
Las Vegas Sands spent 200 million 65 million U.S. dollars (400 million 40 million dollars) to build the Sands Macao casino, gamblers at the current average daily total cost of the casino 137 million. Analysts estimated profit of the casino is equivalent to twice the amount of investment!
gaming analyst Kalaweizi (Jonathan Galaviz) said: “This return on investment never happened other gaming operations.”
the largest U.S. gamingpany , Las Vegas Sands Macau in May this year in the establishment of the first Las Vegas-style casino, to break the Macau gambling industry for over 40 years by the Hong Kong tycoon Stanley Ho monopoly. Thepany also plans to Macau's casino market, raising 300 million 50 million U.S. dollars in funding to expand its business in Asia.
With the Las Vegas-style casino luxury positioning Sands Macao, Macao's gambling business has been a dramatic change, not only thepetition, while emphasizing entertainment than gambling casino operators ways will be the future of Macau casino development model.
It is estimated that by 2009, there are at least 30 similar to the Macau Sands casino, it is expected to earn a year in Macau more than 5 billion U.S. dollars in revenue.
analysts pointed out that the increase in the number of casinos in Macau and profitability increases are alarming, and, it is understood that these will be the development of casinos in Macau, a large scale is a ratio.
why the development of Macao's casinos could be so strong? Analysts believe that China mainly relies on the huge market demand. Macau, a researcher interviewed pointed out that the Chinese mainland tourists visiting Macau in the foreseeable future an annual rate of 50%, which is the Macau gambling industry would be the best basis for such an optimistic outlook.
The Sands Macao casino Kalaweizi annual profit forecast, is based in part on the United States Securities and Exchange Board of information estimation.
yesterday when asked about the casino profits, the Sands Macao, the spokesman said, because thepany will market, he make anyment.
major U.S. gamingpanies
optimistic about Macau and Singapore
In fact, the attractive Asian market potential, step Sands footsteps, out in the second and third-largest gamingpany Harrah Entertainment Inc. (Harrah''s Entertainment Inc) and MGM Mirage Inc., also announced to Macau and other parts of Asia, the development of the gaming industry.
MGM Mirage spokesman described the tremendous and dynamic Asian market, currently thepany is awaiting U.S. government approval, to open a new casino in Macau, but also may submit the proposal to open a casino in Singapore. He said the Asian market, especially in Singapore and Macau, thepany is “deeply interested.”
potential for Singapore's gaming industry, analysts believe that Singapore's advantage lies in Europe and Australia, located at the midpoint station.
It Kalaweizi estimated that the Asian market by 2006, gaming revenue is expected to reach 19 billion U.S. dollars, 13 billion U.S. dollars this year.
Harrah's Entertainment Inc. Thepany will be in Singapore as Asia's top priority in the development of gambling business location. Senior Vice Chairman Richard m children Mann once said: “Singapore for us, represents a huge opportunity.”
Day before yesterday, Melbourne's largest casino operator publishing and broadcastingpany (PBL) is that cost 100 million to buy 68 million U.S. dollars is expected to open in Macau in 2007, six-star casino – Park Hyatt Hotel and Casino's 28% stake.
fund managers surveyed said the arrival of newpetitors, the Asian local casinos, such as Australia's Tabcorp Holdings and Malaysia's Genting, business prospects is more rugged, is inevitable.
analysts also stressed that the gaming industry around the world who have move forward in this region under the Sands Macao casino to get as the profitability is not easy.
Ho:
Macau gaming tax revenue ounted for an increasing proportion of
(澳门 综合 电) Macau gaming revenue continued to grow strongly in the next , announced the establishment of old age allowance next year and suggested that civil servants salary increase of 5%, continuing the implementation of relief measures for SMEs.
Macao SAR Chief Executive Edmund Ho is expected, after making all kinds of tax relief, the Government will reduce 2005 revenue of MOP 200 million 30 million yuan (47.7 million dollars).
first 9 months of this year, visitors arriving in Macau surged 45% to 1220 million,pared with last year's 1190 million people still high. Ho predicted that Macau gaming tax a larger percentage of the taxes, but also in theing years will gradually increase. This is a normal and inevitable.
Edmund Ho Hau Wah will be December 20 this year, began his second term Chief Executive of Macau's new term. ording to China News, 2005, he finished the day before yesterday met with reporters after the policy address, pointed out that the increase in betting duty reflects two factors: First, from the gambling industry and opening up, the rate increased; second betting market , both of which make large bets tax increase, and more and this resulted in widening the proportion of other taxes, this is normal.
In his view, the SAR's tax relief each year, although the economy development, and other tax revenues will not increase substantially. Comparison among these two, it is easy to see the betting duty has its own subjective factors. Betting tax and other tax gap is inevitable.
15.6% of Macao's economic growth last year, gaming revenue ounted for 32.2% of total revenue last year, or MOP 13.3 billion.
