Posts Tagged ‘macau’

Horse racing in Macau

Other than casinos in Macau horse racing is a very popular form of gambling entertainment. The Macau jockey club is the place for horse racing, this happens mainly Tuesdays, Saturdays and Sundays. The race course is on the Taipa Island of Macau. The race course is 450,000 square metres and has 18,000 seats for gamblers. The Macau jockey club was previously known as Macau Trotting Club. In 1991 Stanley Ho took it over, it is now one of the largest private employers in Macau, it has 1400 full time staff and 1100 part time staff.

Summary of gambling in Macau

Gambling is been legal in Macau for over 100 years, since 1850 to be exact. Macau is known as the “Monte Carlo of the Orient” gambling is a major part of its economy. In the 20th century western style games were introduced to the casinos until then asian games were the only games found at the casinos in Macau. Macau has 28 casinos, the biggest casino in Macau is the Venetian. All the casinos operate under a government franchise and have to conform to government rules. Most popular casino games can be found in Macau, blackjack, baccarat, craps, roulette and slots however it is baccarat that brings in the most revenue, high roller V.I.P table baccarat brought in 70% of overall casino revenue in Macau in 2004.

Wynn’s high roller casino in Macau

Steve Wynn is building a 600 hotel room 205,000 square foot high roller casino in Macau designed to scoop up the Asian high rollers. Despite the global recession which is causing havoc for other casino billionaires such as Sheldon Adelson who may loose the Las Vegas Sands, Wynn is standing strong and it would not be surprising if Wynn came out of this global recession far wealthier than everyone else in the casino industry.

Tags: Asian high rollers, high roller casino, macau, sheldon adelson, steve wynn
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Packers casino in Macau in desperate need of high rollers

James Packers casino is Macau is definitely in need of some high roller baccarat players as it is about to release low level third quarter results. Due to the recession high rollers are keeping an eye on their money and avoiding high roller gambling. The Las vegas Sands the company which has been zooming ahead is suffering big time at the moment and is even considering possible bankruptcy due to the recession. The recession is not the only reason the gambling isn’t in such big numbers as before its the difficulty for Chinese to get visas to visit Macau. The lack of financing the high rollers can get their hands on in casinos is slowing down the high roller gambling in Macau according to Credit Suisse.

Tags: casinos, high roller baccarat, high roller gambling, high rollers, macau
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Visa limits hit Macau’s gambling stocks

Visa limits are being imposed by China on visitors to Macau. Residents are now allowed one trip to Macau every three months as opposed to previously every two months. This limiting has slowed down growth in Macau and has really negatively affected Macau’s gambling operators. Even with this limit growth in the number of visitors is up around 20 percent each year so business is still booming long term.

Tags: gambling stocks, macau, visa
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Mr HO goes skiing

Mr HO the Macau Billionaire is investing his money in his future idea of skiing in China. He likens the future ski industry of China to that of the western world. This business is a real gamble for Mr Ho as whether the Chinese middle classes are up for skiing is up to the future. Mr Ho has some big ideas for the future of the Macau gaming industry with planes flying in and out of the country with casinos onboard this skiing idea is his next radical plan but could become immensely popular.