MACAU BUSINESS
operated VIP gaming segment, also paved the way for radical regulatory changes beginning in 2014, ultimately transforming the development path of the VIP gaming industry—driven to mass-market—by 2023.”
“In short, I would describe the most unexpected transformative developments in Macao’s gaming industry over the past 20 years in two dimensions: (i) the development of its world-class properties and facilities, and (ii) the shift in its business model from VIP-driven to mass-market gaming,” says Siu, who co-authored a book chapter titled “Ceremonial-instrumental dichotomy in the integration of the Macao gambling room model and the Vegas casino resort model,” which is forthcoming in China.
Casino-International-Add-202x66.pdf 1 12. 09. 2025 12:16:34
Las Vegas Strip: a story of stability
The Las Vegas Strip is a story of remarkable stability, with revenue growing from approximately MOP 38.4 billion to MOP 70.4 billion over a 25-year period. It has shown little volatility, weathering even the 2008–09 global financial crisis with resilience. In contrast, Singapore made an explosive entrance onto the scene in 2010, rapidly reaching around MOP 40 billion with just two casinos, before settling into a consistent range of MOP 32 billion to MOP 40 billion. A subsequent jump to MOP 44.0 billion reflects the expansion of Marina Bay Sands alongside a robust post-pandemic recovery. One important caveat to note: the figures for Singapore and Las Vegas measure slightly different scopes. The Singapore data covers the duopoly of Marina Bay Sands and Resorts World Sentosa, whilst the Las Vegas data represents the Strip exclusively rather than the whole of Nevada. Consequently, this comparison slightly understates both markets when measured against Macau’s territory-wide figures.
Meet
at G2E Las Vegas, booth #3353.
Spintec qp CI
Aug_Sep26.indd 1 2/7/26 10:34
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92
