How Has Macau Revenue & EBITDA Contribution Changed For The U.S. Casino Companies In The Last 5 Years?
Macau operations are of key importance for casino players, as they account for a significant portion of overall revenue and EBITDA. While Macau casino industry has witnessed tremendous growth in the past, it has seen a massive decline since 2015. This can primarily be attributed to the government’s anti-graft measures. A wave of high-profile arrests of senior Chinese officials has hurt the VIP business of Macau casinos, as players preferred to maintain a low profile. Furthermore, a weakening economy, visa restrictions and a smoking ban added to the woes for casino operators in the region. Moreover, Beijing wants Macau to diversify its economy, which is now largely dependent on gambling. Indeed, casinos account for a significant portion of the local government revenues.
Notes:
- A Strong Vegas Business And Recovery In Macau Will Drive MGM’s Q2 Results
- What’s Happening With MGM Resorts Stock?
- Up 16% Over The Past Month, What’s Next For MGM Stock?
- With A Strong Vegas Business And A Possible Recovery In Macau, What’s Next For MGM Stock?
- What’s Next For MGM Resorts After A Strong Q2?
- What’s Happening With MGM Resorts Stock?
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively.
For precise figures, please refer to our complete analysis for MGM Resorts
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