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The Asian casino market continues to dominate the global gambling scene, with Macau consistently surpassing Las Vegas in monthly gross gaming revenue (GGR).
This trend has once again solidified since China lifted its zero-Covid policy in January 2023, allowing casinos to thrive. Let's take a closer look at the top 10 casinos in Asia for Q1 2023, ranked by revenue:
1. Marina Bay Sands
Reported revenue: $848 million
Owner: Las Vegas Sands
Location: Singapore
Marina Bay Sands reigns supreme as the largest casino in Asia, per Q1 2023 figures. Situated in Singapore, it stands as an iconic symbol of luxury and entertainment, dominating the city's skyline and attracting millions of visitors worldwide.
2. Galaxy Macau
Reported revenue: $680 million
Owner: Galaxy Entertainment Group
Location: Macau
Galaxy Macau secures second place and holds the title of the largest casino in Macau, the world's largest gambling hub. It fends off local competition, making it a heavyweight in the global gambling scene.
3. MGM Macau
Reported revenue: $618 million
Owner: MGM Resorts International
Location: Macau
MGM's flagship property in Macau ranks as the third-largest casino in Asia. It significantly contributes to MGM's presence in the thriving Chinese gambling province.
4. Venetian Macau
Reported revenue: $558 million
Owner: Las Vegas Sands
Location: Macau
Venetian Macau is the largest property in Las Vegas Sands' Macau portfolio, claiming the fourth spot in the region and fourth overall in Asia. Remarkably, Las Vegas Sands no longer operates resorts in its historic US gambling stronghold.
5. Resorts World Sentosa
Reported revenue: $484.5 million
Owner: Genting
Location: Singapore
Resorts World Sentosa, Singapore's second casino resort, offers a luxurious gaming experience on Sentosa Island. With its man-made beaches and an air of opulence, it provides an enticing gambling destination, although it is smaller in scale compared to Marina Bay Sands.
6. Wynn Palace Macau
Reported revenue: $369.4 million
Owner: Wynn Resorts
Location: Macau
Wynn Palace Macau is the largest of Wynn Resorts' properties in Macau, securing sixth place in Macau's rankings and solidifying Wynn's position as one of the major operators in the region.
7. City of Dreams
Reported revenue: $358.3 million
Owner: Melco Resorts
Location: Macau
City of Dreams, owned by Melco Resorts, occupies seventh place in Macau's list of top casinos. It represents a prized asset for Melco Resorts in the Asian market.
8. MGM Cotai
Reported revenue: $320 million
Owner: MGM Resorts International
Location: Macau
MGM Cotai, one of MGM Resorts International's two properties in Macau, takes the eighth spot in the ranking.
9. The Londoner Macau
Reported revenue: $283 million
Owner: Las Vegas Sands
Location: Macau
The Londoner Macau, part of the Las Vegas Sands portfolio, ranks ninth, offering a unique and distinct experience in Macau.
10. Wynn Macau
Reported revenue: $230.7 million
Owner: Wynn Resorts
Location: Macau
Wynn Macau completes the top 10 list, establishing itself as one of the major players in the Chinese gambling capital.
Combined Revenue of Top 10 Operators in Asia
When considering the combined revenue of the top 10 casino operators in Asia for Q1 2023, Las Vegas Sands emerges as the dominant force with three spots in the ranking. Here's a breakdown of the combined revenue:
Las Vegas Sands: $1.6 billion
MGM China: $938 million
Wynn Resorts: $600 million
Las Vegas Sands' impressive presence in the region underscores its position as a formidable player in the Asian casino market. MGM China and Wynn Resorts also maintain significant influence with multiple properties in the top 10. These figures provide a glimpse into the flourishing Asian casino industry and its key players.
By fLEXI tEAM
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