Saturday, April 13, 2024 - Login

New resorts to propel Cotai divergence from Macau peninsula

The rising and waning tides that propel Macau's six casino operators in close harmony should experience more cross currents in 2016, Bloomberg Intelligence analysts wrote in a note.

A wave of resort openings should benefit revenue and earnings of the first movers in this round of expansion - Galaxy, Melco Crown and Wynn Macau, said analysts Tim Craighead and Margaret Huang.

“New mass market attractions may benefit their resorts and those clustered nearby. Cotai Strip properties are likely to steal market share from casinos on Macau's old peninsula, such as those run by SJM and MGM China.”

Following Wynn Resorts saying that its new Cotai resort Wynn Palace is scheduled to open June 25 -- three months later than planned -  Craighead and Huang said the delay postpones Wynn Macau's ability to expand its mass gambling presence, “but puts Wynn Palace in operation well before the October 2016 Golden Week holiday.”


Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief