The Cotai Strip is the (still) up-and-coming hot location for gaming companies in Macau. The buildout of casinos on the reclaimed land started with Las Vegas Sands'
But with gaming growing at a rapid clip throughout Macau, is Cotai still the best place to be? Despite the additional capacity from Galaxy in the second quarter, it appears that Cotai casinos are still outperforming competitors in Macau.
Casino |
Location |
Q2 2010 Revenue (millions) |
Q2 2011 Revenue (millions) |
Growth |
---|---|---|---|---|
The Venetian Macau | Cotai | $581.0 | $735.4 | 26.6% |
City of Dreams | Cotai | $309.3 | $607.9 | 96.5% |
Altira | Taipa | $230.6 | $311.5 | 35.1% |
Sands Macau | Macau Peninsula | $302.2 | $331.0 | 9.5% |
Wynn Macau | Macau Peninsula | $714.4 | $976.5 | 36.7% |
Source: Company filings. Note: Wynn Encore Macau opened April 23, 2010.
Outside of Wynn Resorts'
Las Vegas Sands is preparing to open another casino on the Cotai Strip, and Wynn, MGM Resorts
Watching the Cotai Strip grow is like watching the Las Vegas Strip be built from scratch into an entertainment mecca. The best companies in coming years will be those with exposure to the Cotai Strip, which puts Melco Crown and my pick, Las Vegas Sands, ahead of the game.
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