Macau is the biggest casino and gambling market in the world. (It is also the only place in China where casino gambling is legal.) While many are hesitant to call it the Las Vegas of Asia, it would be easy to see why the comparison is made. Macau has many high end casino resorts. It also has a strip of some of their best casino resorts named the Cotai Strip. The Cotai Strip has the most valuable land and has the most well known casinos. Macau even has big Las Vegas names like Las Vegas Sands, MGM Resorts International, and Wynn Resorts. These American companies along with well known Chinese companies, like Stanley Ho’s SJM holdings, are making for a grand area for casino gambling. Some of the world’s highest rolling gamblers come to Macau for a piece of the action.
The boom in casino gambling in Macau has been aided by a robust economy in China. The western world may be going through a recession, but China and other parts of Asia have seen economic growth. This type of growth usually spawns development like the kind seen in Macau. The economic boom in China has helped keep major American casino companies thriving. One of them is MGM Resorts International.
MGM has many casino resorts in Las Vegas as well as the one year old CityCenter. They are joint owners of the MGM Grand Macau. Of course, any casino in Macau is most likely to do well, especially when it bears the famous MGM name. However, the MGM Grand Macau has held the lowest market share in the city. That is changing. Business has been good and MGM was able to expand its gambling in Macau. They are now operating at a full 427 table games. Fortunately there were able to get the expansion in before the government in Macau started putting caps on games. This is a good time for MGM in Macau.
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