Largest Casino Group Macau
The big gamblers will go away if casinos need to be that transparent. 2, Galaxy Entertainment Group Ltd, which is one of Macau’s biggest casino operators declined more than 3% on these fears, as the digital yuan continues to record new usage milestones in its two-month-old launch experiment in Shenzhen. The group also owns three City Club casinos, dubbed for their strategic locations across the most popular spots in Macau. Waldo Casino is spread over four floors of the property, with dining and entertainment options in between. The President Casino is bang in the heart of Macau's entertainment centre. Galaxy Entertainment Group Ltd, which has one of the biggest shares of high-roller revenue among Macau's casino operators, fell as much as 3%. Suncity Group Holdings Ltd, the listed arm of Macau's biggest junket operator, dropped as much as 2.8%. Wynn Macau Ltd and SJM Holdings Ltd fell as much as 2.5% and 1.4% respectively. Greater visibility.
The global casino industry generates billions of dollars every year and continues to grow steadily as old markets keep growing, new markets keep opening and casino companies compete fiercely for market share and to be the best in the business.
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The biggest casino companies in the world have been forced to change their gaming and marketing strategy during the last 5 years as millennials have shown that they are tired of the traditional casino gaming offering and would only be loyal patrons if the casino could capture their attention by giving them an experience that caused them to come back for more.
See rates on TripAdvisor This is the biggest casino resort in the world (bigger than anything in Vegas). Inside the Venetian Macao, you'll find the regions' premier shopping mall, a 3000 room hotel and gondoliers roaming canals along mock, Italian streets. Many of the visitors are just here to pretend they're in Venice.
Casino establishments who were quick to change and implement the changes and demands of the millennials across their casino properties did well, while casino companies who failed to adjust suffered as profits declined and some of their properties have had to shutdown.
Seven of The Best Casinos Companies Around ( Offline, landbased)
We take a look at seven of the most influential casino companies in the world today.
1. Las Vegas Sands Corp
The Las Vegas Sands Corp is the highest grossing casino establishment in the world and has some of the most popular casinos in Las Vegas, Nevada and Macau, China.
Some of casinos owned by the Sands Corp include the Palazzo Las Vegas, Venetian Casino Resort Macau, Marina Bay Sands Singapore and the Sands Casino Resort Bethlehem – which is the biggest casino resort in the world.
The company recently opened its $3 billion casino resort ‘Parisian Macau’ in September 2016. The 83 year old billionaire Sheldon Adelson is the chairman of the Las Vegas Sands Corp. The company made $14.5 billion in revenue during 2014.
2. MGM Resorts International
MGM Resorts International owns a number of iconic casino resorts all over the world including the biggest casino resort and hotel in the United States – the MGM Grand Casino Las Vegas. At one point of time, the late billionaire Kirk Kerkorian along with his Tracinda Corporation was the biggest shareholder in MGM Resorts.
Some of the flagship properties under the MGM Brand include the Bellagio Las Vegas, Mirage Las Vegas, Borgata Hotel Casino & Spa, MGM National Harbor, MGM Macau and the newly open and MGM Cotai.. The company is also in the process of developing a new casino – MGM Springfield
3. Caesars Entertainment
The company is one of the oldest casino companies in the world and has been around for more than seven decades. Caesars operates a number of well known casino brands such as Harrah’s and the Horseshoe casinos.
Some of its popular casinos include Ballys Atlantic City, Caesars Atlantic City Hotel & Casino, Horseshoe Casino Hammond, Harrah’s New Orleans Casino & Hotel. Caesars also operates casinos in Egypt and Vietnam.
The company brought in revenues of $8.5 billion during 2014 but is currently facing financial challenges.
4. Crown Resorts
Crown Resorts is the biggest casino brand in Australia operating a number of flagship properties down under. During recent years, the Australian billionaire James Packer who was the majority share holder in the company wanted to launch in new markets.
Crown teamed up with Melco International to open the ‘City of Dreams’ casino in Macau. Packer also tried to launch in Sri Lanka but had to abandon the plan after the ruling government cancelled the license. Crown is now looking to develop its first casino in the United States which is the Alon Las Vegas. The company made around A$4.7 million in 2014.
5. SJM Holdings
SJM Holdings is a Hong Kong based company that acts as the holding company for Sociedade de Jogos de Macau S.A.
It is owned by Hong Kong billionaire Stanley Ho and its presence is largest in the Asian continent, especially in Macau.
Some of the top casino properties belonging to SJM include the Grand Lisboa Casino & Hotel, Lisboa Casino Hotel, Grand Lisboa Palace, Ponte 16 Resort Macau and the Casa Real Casino.
6. Wynn Resorts
Wynn Resorts is led by chairman and billionaire Steve Wynn who believes in developing some of the most luxurious and world class casinos in the world.
Wynn Resorts has some of the top casino resorts in Las Vegas and Macau which include the Wynn Las Vegas, Wynn Encore Las Vegas, Wynn Macau and the recently opened $4 billion Wynn Palace in Macau.
Wynn Resorts is also in the process of developing a new casino called the Wynn Boston Harbor Resort after a long legal battle. The company made $5.4 billion in revenue during 2014.
Largest Casino Group Macau Casino
Galaxy Entertainment
This is another Hong Kong based casino company that has concentrated on the Macau market.
It operates a number of casinos such as the Galaxy Macau Casino, StarWorld Casino & Hotel, Waldo Casino Hotel, President Casino & Hotel, Rio Casino & Hotel Macau and Broadway Macau. They are also planning to start construction on a new casino in Boracay, Philippines in 2019.
The Lui Family of Hong Kong are the majority shareholders in the company with a 50.3 percent stake.
| The Venetian Macao 澳門威尼斯人 | |
|---|---|
| Location | Macau |
| Address | Cotai Strip |
| Opening date | 28 August 2007; 13 years ago |
| Theme | Venice, Italy |
| No. of rooms | 3,000 |
| Total gaming space | 550,000 sq ft (51,000 m2) |
| Signature attractions | Cotai Arena |
| Casino type | Land-based |
| Owner | Las Vegas Sands |
| Architect | Aedas and HKS, Inc. |
| Website | Venetian Macao |
| The Venetian Macao | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 澳門威尼斯人 | ||||||||||
| Simplified Chinese | 澳门威尼斯人 | ||||||||||
| |||||||||||
The Venetian Macao (Chinese: 澳門威尼斯人) is a luxury hotel and casinoresort in Macau owned by the American Las Vegas Sands company. The Venetian is a 39-story,[1] casino hotel on the Cotai Strip in Macau. The 10,500,000-square-foot (980,000 m2) Venetian Macao is modeled on its sister casino resort The Venetian Las Vegas. The Venetian Macao is the 2nd largest casino in the world, the largest single structure hotel building in Asia, and also the seventh-largest building in the world by floor area.
The main hotel tower was finished in July 2007 and the resort officially opened on 28 August 2007.[2] The resort has 3,000 suites, 1,200,000 sq ft (110,000 m2) of convention space, 1,600,000 sq ft (150,000 m2) of retail, 550,000 square feet (51,000 m2) of casino space – with 3,400 slot machines and 800 gambling tables and the 15,000-seat Cotai Arena for entertainment and sports events.
The lead architect for the Venetian Macao were Aedas and HKS, Inc. joint venture, who were responsible for the design, coordination and implementation of the project on site.[3]
Casino[edit]
The casino measures 546,000 sq ft (50,700 m2).[4] It is further divided into four themed gaming areas—namely, Golden Fish, Imperial House, Red Dragon and Phoenix. The casino consists of over 6,000 slot machines and 800 gambling tables.
The hotel offers a club called Paiza Club which caters to premium guests. The club comes with its own entrance, lobby, reception, and guest lifts to the rooms. The gaming area of the Paiza Club is divided into individual private gaming rooms each named for notable Asian cities and regions such as Yunnan, Guangzhou, Hong Kong, Singapore and Kuala Lumpur.The guests of the club have exclusive access to the club dining outlet, the Paiza Club Dining & Lounge, which is open 24 hours a day.
Design[edit]
The hotel uses Venice, Italy, as its design inspiration and features architectural replicas of various Venetian landmarks.
Accommodation[edit]
The hotel tower offers 2,905 suites. The accommodation floors go from level 7 up to level 38. These floors are served by guest lifts.
Paiza suites are reserved for premium guests. The largest is the Presidente, a 12-bay suite with four bedrooms.
Entertainment[edit]
The Cotai Arena (formerly known as the Venetian Arena) is an indoor arena, opened in 2007 with a seating capacity of 15,000. It hosts sporting events such as basketball, tennis, and boxing, as well as concerts and international televised awards shows.
Zaia[edit]
Zaia, a 90-minute stage production by the Canadian entertainment company Cirque du Soleil, ran between 27 August 2008 and 19 February 2012 in a custom-built theater at the Venetian Macao. The show, directed by Neilson Vignola and Gilles Maheu, featured a cast of 75 circus artists.[5] The show's theme was a young girl's perception of the stars and planets, space and infinity, populated by otherworldly creatures. The theater housing the performance seated 1,800 spectators at a time.[6]
Controversies[edit]
Largest Casino Group Macau City
On 12 November 2008, the gates were locked to the construction labour force from a variety of Asian countries as projects were suspended. Hsin Chong, the project manager for the Venetian, laid off approximately 400 staff. As many workers had been there for less than two years, no severance was due. The next day, Sands' president for Asia announced that up to 11,000 workers would be losing their jobs as the company was halting building projects in Macao.[7]
In 2010 the Chinese press reported that as part of a 'sex-trade crackdown' authorities had found more than 100 prostitutes inside the casino.[8]
In early 2011 the United States Department of Justice and the U.S. Securities and Exchange Commission initiated an investigation into the Las Vegas Sands Corporation with respect to the compliance of its Macao properties with the Foreign Corrupt Practices Act.[8]
Largest Casino Group Macau Contact
See also[edit]
- Cotai Jet – owned by The Venetian Macao, operating high speed Catamaran ferry services between Taipa Temporary Ferry Terminal and Hong Kong-Macau Ferry Terminal, Hong Kong
Largest Casino Group Macau Casinos
References[edit]
- ^'The Venetian'. Emporis.com. Retrieved 23 June 2014.
- ^'Venetian Macao press release'. Phx.corporate-ir.net. 27 August 2007. Retrieved 29 January 2012.
- ^'case study'(PDF). gillespieuk.co.uk.
- ^'Top-10 Largest Casinos'. Casino City Times. 10 December 2007.
- ^'The first permanent Cirque du Soleil show in Asia celebrates its world premiere on August 28 at the Venetian Macao-Resort-Hotel – Written and directed by Gilles Maheu'. Cirque du Soleil – Press Release. Retrieved 8 February 2011.
- ^'Zaia: The Show – Theater'. Cirque du Soleil. Retrieved 8 February 2011.
- ^'Up to 11,000 Macau workers to lose jobs'. The Standard. Archived from the original on 3 February 2009.
- ^ abBrian Ross (27 January 2012), 'Bribes, Chinese Mob Ties Alleged at Casino of Gingrich Money Man'. ABC News.
External links[edit]
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Coordinates: 22°8′55″N113°33′38″E / 22.14861°N 113.56056°E