Casino market could hit MOP800 billion: Las Vegas Sands

Las Vegas Sands Corp says Macau’s gaming market could grow to eventually hit gross gaming revenue of MOP800 billion (US$100 billion) per year, as new transport infrastructure comes online. In 2012, Macau’s casinos reported gross gaming revenue of MOP304.1 billion. Las Vegas Sands is the parent company of Macau-based gaming operator Sands China Ltd. Las Vegas Sands officials “laid out a path for Macau to reach a US$100-billion market” at a recent Goldman Sachs conference, Steven Kent and fellow analysts wrote on June 4, gaming intelligence provider GamblingCompliance reports. No timeline to achieve the US$100-billion goal is mentioned in the report. This is not the first time Las Vegas Sands has said that Macau could grow to reach MOP800 billion per year – in January, company president and chief operating officer Michael Leven made a similar statement.