Galaxy Entertainment and Melco Crown look best placed to benefit from the next phase of Macau's development.
The world's gambling capital is to add eight more mega-casinos by 2017. This expansion will take place in the Chinese territory's Cotai Strip and is expected to more than double Macau's annual gaming revenues to $115bn billion in four years. Las Vegas Sands was the Cotai pioneer, setting up the Venetian casino there in 2007. Hong Kong-listed Sands China is set to open its final Macau casino at the end of 2015 in Cotai, but for Melco and Galaxy growth in the area is just beginning.
Galaxy and Melco's casinos will be the first properties to open in the second expansion phase, starting in early 2015. That puts them ahead of peers like MGM China and Wynn Macau, who are also planning to open casinos in Cotai, but at a later date.
