Option Millionaires

[madrose1]

Here's your one stop shop Maccau gaming news site
http://www.macaubusiness.com/news/macau-gaming-market-could-hit-mop800-billion-leven/21011/

save for DD



Casino market could hit MOP800 billion: Leven
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The president and chief operating officer of Las Vegas Sands Corp, Michael Leven, says Macau’s gaming market could grow to eventually hit gross gaming revenue of MOP800 billion (US$100 billion) per year.

In 2012, Macau’s casinos reported gross gaming revenue of MOP304.1 billion.

Las Vegas Sands is the parent of Macau-based gaming operator Sands China Ltd.

In an interview yesterday with CNBC, Mr Leven said that he is bullish on the city’s gaming industry outlook.

“It will continue to grow, because as income grows in the mainland, it’s going to continue to feed people into Macau. There’s no risk that they won’t have considerable growth.”

He also confirmed that Las Vegas Sands is looking at the possible sale of its casino in Bethlehem, Pennsylvania, in the United States.

“If we get our price, we think it may not fit in the long run for our company. It’s a smaller product. We’ll probably look to sell it. However, somebody’s got to pay the price. We’re just as happy to keep it,” Mr Leven said.