The first phase of building on Cotai in Macau is nearly complete, and we're entering a period of constant gaming supply in the next three years. Today, crews are already working on Phase Two of Cotai's expansion, and some new entrants are eagerly entering this hot market. Wynn Resorts (WYNN 1.94%) is building its first Cotai resort, and MGM Resorts (MGM 3.33%) is hoping to get going soon. They'll join Las Vegas Sands (LVS 0.77%) and Melco Crown (MPEL 0.44%), which have a presence but are also eyeing expansions.
Wynn Resorts is breaking ground on its new casino and MGM, Melco Crown, and Las Vegas Sands are soon to follow.
About the Author
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.