SOURCE: The Bedford Report

The Bedford Report

December 13, 2011 08:16 ET

Asian Gaming Market Set to Skyrocket -- Melco Crown Entertainment and MGM Resorts Poised to Benefit

The Bedford Report Provides Equity Research on Melco Crown Entertainment & MGM Resorts

NEW YORK, NY--(Marketwire - Dec 13, 2011) - Driven by its economic strength and the region's fondness for gambling, Asia is expected to overtake the United States as the world's largest gaming market by 2013, PricewaterhouseCoopers reports. PricewaterhouseCoopers estimates Macau's casino gross gaming revenue will grow at a compound annual rate of 21.5 percent between 2011 and 2015. The BedfordReport examines the outlook for companies in the Resorts and Casinos Industry and provides equity research on Melco Crown Entertainment Ltd. (NASDAQ: MPEL) and MGM Resorts International (NYSE: MGM). Access to the full company reports can be found at:

Earlier this month Macau posted its November gambling revenues, showing a 32.9% increase in revenue to 23 billion patacas ($2.9 billion) compared to the same month last year. Credit Suisse gaming analyst Gabriel Chan says "next month could be similar to this month in terms of growth, but going into January will be a low season as in the first couple of days of the Lunar New Year we don't have any VIPs coming to Macau."

According to figures released by the Chinese Special Administrative Region's Gaming Inspection and Coordination Bureau, total gaming revenues through November are up 44 percent compared to the first 11 months of 2010.

The Bedford Report releases investment research on the Resorts and Casinos industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

According to Union Gaming Research Macau, Sands China Ltd. leads the mass-market segment in Macau in October and November with a weighted share of customers of 34.3 percent. According to, Union Gaming estimates each operator's and casino's mass market share by counting casino shuttle bus passengers at the Outer Harbour Ferry Terminal and the Macau Border Gate, the city's two primary entry points, which combined accounted for 78 percent of total visitation last year.

In October, Melco Crown was third, with a market share of 15 percent, while Wynn Macau Ltd. had a 13-percent piece of the market.

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