As reported by the Las Vegas Business Press, Stanley Ho’s share now is +/-66% of the total Macau Casino market and will shrink further to 60% by 2009. Looking at it in value of income this figure may not be so bad. In 2002 Macau Casino revenue was about US$3.5 billion, this year it’s expected to be about US$7 billion. So at 70% Stanley Ho is still looking at a cool US$4.6 billion, so base this up on a projected US$9 billion in 2009 at 60% that is still US$5.4 billion!
Considering that his new and renovated casinos are yet to be completed and open to the public, providing that the gambling revenue continue to increase he will have the majority of the gambling pot.
Macau’s evolution into the gambling capital of the world is happening faster than expected. Stock analysts now routinely predict that the former Portugese enclave’s casino revenues will surpass the Las Vegas Strip this year, to the tune of $7 billion, if they haven’t done so already.
Full article here by Las Vegas Business Press
