The Cotai Strip is where it’s all happening – three of the operators with big casinos on the Macau Peninsula have recently opened or are currently building new mega-casinos on the strip.
The casinos experienced 26 consecutive months of gross gaming revenue decline and it wasn’t until August 2016 that the industry saw a turnaround.Īll of Macau’s six casino operators – SJM Holdings, Wynn Macau, Sands China, Galaxy Entertainment Group, MGM China Holdings and Melco Crown Entertainment – have expanded in the last few years, most opening big new properties. Macau’s casinos were at their peak in 2014 when gaming revenue was more than US$45 billion, cementing the city’s position as the world’s casino capital.Īnd then Beijing launched its anti-corruption crackdown, targeting the casinos and its VIP gambling segment, and the industry was hard-hit.
The casino hub is bouncing back from some recent tough times. Macau’s casinos have seen some tough times in recent years, but take a walk along the city’s casino boulevard, the Cotai Strip, and you’d never know it – a couple of mega casinos have opened recently and more are in the works.
