LONDON--(BUSINESS WIRE)--CasinoReviews.net, a leading iGaming media publisher, has conducted a thorough analysis of the Macau gambling market in 2023. Their newest findings indicate that the market is poised for growth, offering significant opportunities for investors and operators.
Macau has long been known as the "Las Vegas of the East," with a thriving gambling industry that generates billions of dollars in revenue each year. The report shows the pandemic posed significant hurdles, leading to an almost 80% decline in revenue compared to pre-pandemic levels, with casino revenues in 2022 amounted to slightly more than 11% of the maximum peak revenues achieved in 2013. However, CasinoReviews.net's research reveals that the Macau market remains steadfast and is poised for continued expansion in the future.
Key findings from the analysis include:
- Macau's gambling market is expected to grow at a CAGR of 5.7% between 2021 and 2026.
- Sands China, Wynn Macau, and Galaxy Entertainment Group continue to dominate the market, accounting for the majority of market share.
- The development of new resorts and entertainment complexes is expected to drive growth in the market, with several major projects currently in the works.
- The shift toward online gambling is expected to create new opportunities for operators, as the government looks to regulate and legalize online gaming.
CasinoReviews.net, utilizing the expertise of Sudhir H. Kale, PhD - formerly a full-time advisor to Sands China Limited - has conducted an analysis that provides insights for investors and operators who seek to take advantage of the prospects offered by the Macau market.
CasinoReviews.net is a leading media publisher for iGaming-related content and services. With a team of experienced industry professionals and a track record of success, CasinoReviews.net helps its readership stay ahead of the curve and capitalize on emerging opportunities in the fast-growing iGaming market.