Macau Casino Industry - 2740 Words

Investment Group Project Macau Casino Industry Tuesday 8:30 - 11:20 am Wong Wing Hei Penelope 12141056D Liu Xiaoyu Ivy 10806758D Au Chak Chung 12072495D Wong Yee Ting Gladys 11608217D Introduction The reputation of Macau’s Casino has more than 100 years of history. In recent years, owing to the opening up of gambling industry, this reputation further carried forward. Gambling policy depends not only on local government policy, but also on the tourists’ government policy. The policy of gambling prohibition from tourists’ government is always more decisive in deciding the fate of the gambling industry in one place. There are both certainty and non-deterministic element in determining the future prospects of Macau gambling industry. In this essay, we would like to first evaluate the historical performance of the HKEx-listed stocks portfolio in the casino industry. Then recommend a portfolio of stocks in the industry that can outperform the market. Also, we will discuss about the rationales behind and make some prediction on our portfolio. Evaluating the historical performance of a portfolio of stocks In this part, the historical performance of a portfolio of stocks in the Macau casino gambling industry will be measured and evaluated. To make a more thorough study of the industry, a portfolio composed of all the HKEx-listed stocks in this industry is chosen, then the overall performance of the industry can be found and compared with the whole stock market throughShow MoreRelatedCasino Industry in Macau2721 Words   |  11 PagesThe Casino Industry in Macau Research Question I intend to evaluate the Casino Industry in Macau including the reasons for its high demand and growing success and compare it to the Casino Industry in Las Vegas. The gaming industry is the livelihood of Macau. It is responsible for 75% of the government’s income and provides the people of Macau with millions of jobs. Even though gambling was first legalized under Portuguese rule to finance the government, it remains the same under Chinese ruleRead MoreCompetitive Analysis : Wynn Resorts1001 Words   |  5 PagesCompetitive Analysis The strategy would be to expand into the already lucrative Macau casino market with one of are most successful casino/resort in the Las Vegas area, the Bellagio. MGM already has a foothold hold in Macau Market, which is provided due to a partnership with Pansy Ho and the successful MGM Macau. The main competition in this area is: Las Vegas Sands Corp. (LVSC), which have 7 properties in the Macau area, Galaxy Entertainment Group (GEG), which have 3 properties and Wynn ResortsRead MoreThe Competition Of The Gaming Industry1600 Words   |  7 Pagesgaming industry in Macau is very competitive as it is the only jurisdiction within China where casinos are legal. Before 2003, there was a restriction on the entry of citizens into Macau when it was operated by Stanley Ho’s S.T.D.M as a monopoly. By 2012, visitors had increased 18.6% from the previous year and the industry now runs as an oligopoly. Within this industry are many competitors at a total of 6 within a 29.7 square kilome ter area. They are Sociedade de Jogos de Macua, Galaxy Casino, WynnRead MoreWynn Resort1511 Words   |  7 Pagesthe Board and CEO of Wynn. His knowledge of the gambling and casino industry is indispensable to Wynn Resorts, as he is accredited to turning the luxury casino industry in Las Vegas into what it is today. Wynn’s mission is: â€Å"A commitment to providing an elegant environment, high quality amenities, a superior level of service and distinctive attractions for our customers.† The company currently has operations in both Las Vegas and Macau Peninsula in China. Wynn Las Vegas, the company’s first developmentRead MoreCase Study : Las Vegas Sands Corp1243 Words   |  5 PagesThe strategy would be to expand into the already lucrative Macau casino market with one of the most successful casino/resort in the Las Vegas area, the Bellagio. MGM already has a foothold hold in Macau Market, which is provided due to a partnership with Pansy Ho and the successf ul MGM Macau. The main competition in this area is: Las Vegas Sands Corp. (LVSC), which have 7 properties in the Macau area, Galaxy Entertainment Group (GEG), which have 3 properties and Wynn Resorts Ltd. (WYNN), whichRead MoreResorts989 Words   |  4 Pagesarise if he left the company? 2. What are the strengths and weaknesses of Wynns Macau (Peoples Republic of China) strategy? 3. What are the three main issues that Wynn Resorts must focus their efforts on in order to preserve their two largest revenue sources: the Wynn Las Vegas and Macau?   Mr Steven Wynn pursued his fervor as an entrepreneur and has changed the style of resorts and gaming. He is the most talented casino gamer in the world since long. He has made himself such a name in the gamingRead MoreCompetitive Analysis : Wynn Resorts Essay856 Words   |  4 PagesCompetitive Analysis The strategy would be to expand into the already lucrative Macau casino market with one of are most successful casino/resort in the Las Vegas area, the Bellagio. MGM already has a foothold hold in Macau Market, which is provided due to a partnership with Pansy Ho and the successful MGM Macau. The main competition in this area is: Las Vegas Sands Corp. (LVSC), which have 7 properties in the Macau area, Galaxy Entertainment Group (GEG), which have 3 properties and Wynn ResortsRead MoreFILIPINOS IN MACAU Essay939 Words   |  4 Pagesï » ¿FILIPINOS IN MACAU INTRODUCTION In the past few years, Macau has become an international destination. The liberation of gaming license had bought about large foreign investments and facilities infrastructure. Macau, a sparkling metropolis at night, is home to thousands of overseas Filipino workers . One of its eye-catching characteristics is certainly its large Filipino community. Filipinos represent the second largest group of non-resident workers in Macau after mainland Chinese. It also becomesRead MoreWynn Resorts Limited878 Words   |  4 Pagesengages in the development, ownership, and operation of destination casino resorts. The company owns and operates two casino resort complexes in Las Vegas, the Wynn Las Vegas and Encore at Wynn Las Vegas with two hotel towers with a total of 4,750 hotel rooms, suites, and villas; 240 table games; 2,195 slot machines; a race and sports book; 1 poker room in approximately 186,000 square feet of casino gaming space, including a sky casino and private gaming salons; 35 fo od and beverage outlets; 2 spas andRead MoreAdvantages and Considerations for Wynn Macau’s Casino2526 Words   |  11 Pagesenter Macau when its gaming industry was liberated and quickly became one of the most profitable casinos in Macau relative to its size. Junketeers have contributed greatly to wins success, along with government initiatives. Though gambling is illegal in many parts of the world, the industry is growing and competition is increasing, particularly in the east By 2015, the Asian gaming market is expected to be the biggest in the world. In order to continue to thrive in this growing industry, Wynn will