According to Michael Leven, Las Vegas Sands COO
Macau casino market could hit us$ 100 billion per year
2013-01-25
Reading time 37 seg
(Macau).- The President and COO of Las Vegas Sands, Michael Leven, says Macau’s gaming market could grow to eventually hit gross gaming revenue of us$ 100 billion per year. In 2012, Macau’s casinos reported gross gaming revenue of us$ 37.3 billion.
In an interview this week with CNBC, Leven said that he is bullish on the city’s gaming industry outlook. “It will continue to grow, because as income grows in the mainland, it’s going to continue to feed people into Macau. There’s no risk that they won’t have considerable growth.”
He also confirmed that Las Vegas Sands is looking at the possible sale of its casino in Bethlehem, Pennsylvania, in the United States. “If we get our price, we think it may not fit in the long run for our company. It’s a smaller product. We’ll probably look to sell it. However, somebody’s got to pay the price. We’re just as happy to keep it,” Leven said.
Leave your comment
RELATED NEWS
Ahead of key September vote
Casino contenders face new test as community committees begin vetting New York’s downstate proposals
Face-to-face app-related concerns
Hard Rock opens Atlantic City service center to enhance customer support for online players
Red River to add 150 slot machines
Comanche Nation Entertainment unveils major casino expansion plan in Oklahoma
COMPANIES
AI-driven marketing capabilities
EGT Digital partners with Optimove to deliver real-time CRM in iGaming
5x3 layout and 2,000x maximum win
CT interactive launches Hell's Hot 7's, a classic fruit slot with modern aesthetics
Offers over 30,000 games
SOFTSWISS Game Aggregator adds CG Games, Champion, and Formula Spin to expanding portfolio
Eight languages and localised content
N1 Partners unveils new Goldex Casino brand, targeting tier-1 markets with over 5,000 games
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
MAGAZINES
EVENTS
Event to take place in March 9-11
GLI returns as sponsor of the Gala Dinner for Regulating The Game 2026 in Sydney
To take place on February 3-5
Eventus International announces launch of Mexico Gaming Summit in 2026
Five expert-led sessions
SBC Summit 2025 to spotlight Africa’s gambling market with new conference track
EVENTS CALENDAR
Highlighted
SBC Summit Lisbon 2025
Highlighted
G2E LAs Vegas - Global Gaming Expo
Highlighted
IAGR 2025 The International Association of Gaming Regulators
Highlighted
Gaming in Germany 2025
Highlighted
GAT Expo Santo Domingo 2025
NOV 12th 25 / NOV 13th 25
Live Event Renaissance Jaragua Hotel y Casino, Santo Domingo, República Dominicana
Highlighted
BEGE 2025 Balkan Entertainment and Gaming Exhibition
Highlighted
