Predicts Las Vegas Sands
Casino market could hit us$ 98.4 billion in Macau
2013-06-18
Reading time 32 seg
(Macau).- Las Vegas Sands says Macau’s gaming market could grow to eventually hit gross gaming revenue of us$ 100 billion per year, as new transport infrastructure comes online. In 2012, Macau’s casinos reported gross gaming revenue of us$ 37.4 billion. Las Vegas Sands is the parent company of Macau-based gaming operator Sands China.
Las Vegas Sands officials “laid out a path for Macau to reach a us$ 100-billion market” at a recent Goldman Sachs conference, Steven Kent and fellow analysts wrote on June 4, gaming intelligence provider GamblingCompliance reports. No timeline to achieve the us$ 100-billion goal is mentioned in the report.
This is not the first time Las Vegas Sands has said that Macau could grow to reach us$ 98.4 billion per year - in January, company president and COO Michael Leven made a similar statement.
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