I am not so sure about these comments, as last week Stanley Ho clearly stated that Sands Macau was taking the high-rollers away from his casino’s. But then again the murder of his Golden Palace VIP executive this week, put again to the spotlight that his three Lisboa VIP gambling halls turn-overat least US$700 million a month.
So maybe Mr. Steven Tan has a point after all!
Full story by Market Watch – While U.S. companies like Las Vegas Sands Corp. (LVS) and Wynn Resorts Ltd. (WYNN) are likely to do well in the mass market, Macau-based operators are best placed to tap high rollers, Steven Tan, the Malaysian firm’s regional gaming analyst, said at a briefing for CIMB traders and clients in Singapore.
Macau’s local casinos can tap junket operators who offer credit facilities to high rollers in the region, doing away with the need to carry or transfer cash across boundaries.
“The Americans cannot do that,” he said, as they are handicapped by having to adhere to U.S. laws aimed at preventing money laundering.
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