Macau’s Slot Machines Still Doing Well

Depending on who you talk to land based casinos are a dying breed. They will tell you that going to a casino is as passé as shoulder pads, and that online casino gambling is where it is at today. They will quote you numbers and statistics showing you how Las Vegas and Atlantic City’s slot machine revenues are dying and that their numbers are drying up.
 
However, they will be unable to quote you slot machine numbers from Macau because their slot machine numbers are going through the roof. The little island that is known not only as the only place in China that you can legally gamble, but is also for being the next Las Vegas is doing extremely well for itself. The little island that could is leaving everyone else in the dust when it comes to slot machine revenues and gambling popularity.
 
The Wynn Macau has seen a 6.9% raise on its first day of trading in Hong Kong. They have raised $1.63 billion making them Hong Kong's second largest initial public offering this year. They are currently the fourth largest slot machine operator in Macau, which is starkly different from their performance in Las Vegas. There they have seen their revenue continue to drop.
 
Sheldon Adelson's Las Vegas Sands has also seen a large increase in their earning power. They are preparing to raise at least $2 billion and they expect that they will do at least as well as the Wynn Macau did.