Analyzing the Casinos & Gambling Industry in China
The Chinese casinos and gaming industry had double-digit growth in the past years despite the sector facing a downfall in various other regions. The city of Macau stands out to be the biggest gaming hub in the country. The Chinese casinos & gaming sector had a total gross gaming win of over $80 billion in 2012
Macau's success is not built purely on the Chinese love of gambling. It is also fuelled by a stampede of nervous money fleeing the mainland. A look behind the scenes at Macau reveals a lot about Chinese corruption, and also about how scared many Chinese business folks are about the political climate back home.
Casino Lisboa, Altira Macau and City of Dreams are few of the biggest casinos in China while Stanley Ho Company and Melco Crown Entertainment being the established players in the industry at the moment. The flow of money through Macau has caught the eye of the government in Beijing and may explain a temporary crackdown in 2008 on the number of Macau visas given to mainland Chinese. According to cables made public by WikiLeaks, an online troublemaker, others are also watching. As Beijing tightens oversight of civil servants and keeps an ever closer watch on flamboyant luxury spending, Macau is an obvious focus. The former Portuguese enclave is the only place in China where citizens can legally bet in casinos. A cash cow for local billionaires and U.S. tycoons such as Wynn and Sheldon Adelson, Macau's annual revenue from gaming is expected to hit $38 billion this year - six times that of Las Vegas.
Aruvian Research analyzes the Casinos and Gambling Industry in China in its report Analyzing the Casinos & Gambling Industry in China. We begin with an analysis of the global casinos and gaming industry through an industry overview, industry value analysis, industry segmentation, regulatory framework, industry competition and an industry outlook. We also analyze the factors that are impacting the global casinos and gambling industry such as regulations, mergers & acquisitions, international trade, industry globalization, amongst others.
Moving on to the analysis of the casinos and gaming industry in China, we analyze the industry through an industry overview, industry value analysis, industry segmentation, industry competition and a future perspective. We also include a section analyzing the gambling industry in Macau.
An analysis of the major players in the global casinos & gambling industry as well as the major players in the Chinese industry is included in the report.