Las Vegas Strip revenue fell in October  

The Strip is dominated by three major casino operators, Wynn Resorts, Las Vegas Sands and MGM Resorts International. Wynn Resorts owns and operates the Wynn Las Vegas Resort & Country Club and Encore at Wynn Las Vegas. Las Vegas Sands owns and operates The Venetian Resort-Hotel-Casino, The Palazzo Resort-Hotel-Casino and The Sands Expo and Convention Center, the second-largest convention center in the world.

MGM owns and operates The Bellagio, The Mirage, Luxor, Mandalay Bay, New York-New York, Excalibur, Circus Circus, Slots-A-Fun Casino and MGM Grand Las Vegas, the world's second-largest hotel by number of rooms.

Investors who have been following the gaming industry closely don't need to be reminded that in recent years the Vegas Strip has been losing global market share, particularly to Macau. The Macau gaming market has been labelled by some as one of the greatest growth stories on the planet.

“The Sands properties in Vegas are huge. You can spend the entire week in Venetia or The Palazzo. But Vegas is just ten percent of their business now,” said Jason Ader, an independent director on the board of Las Vegas Sands during an interview with Forbes Magazine. Ader estimated that the Macau market contributes 10 to 20 times more table revenue compared to Las Vegas.

All three casino operates are betting their future on Macau, and not on Vegas, which hasn't fully recovered from the recession lows. "Of the top 100 hotel markets in the United States, Vegas is at the bottom in terms of recovery from its recession year low," Ader noted.

The Venetian Macau, modeled on its sister resort in Vegas, is the sixth-largest building in the world by floor area. Las Vegas Sands also owns and operates Sands Macao, Sands Cotai Central, Marina Bay Sands and will be opening its Parisian Resort in 2015.

Wynn Resorts has two properties in Macau, Wynn Macau Resort and Encore at Wynn Macau. The company is scheduled to open Wynn Palace in the first half of 2016. MGM has one property in the region, MGM Macau. MGM Cotai is scheduled to open in late 2015 or 2016.