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Macau's Casino Revenue to Continue Strong Performance in 2008: Globalysis Outlook

LAS VEGAS, NV and HONG KONG--(Marketwire - May 28, 2008) - Globalysis Ltd., a leading international boutique casino strategy consultancy, issued its 2008 Gross Gaming Revenue (GGR) outlook for Macau, Special Administration Region, China (Macau) today. The report provides an executive overview of Macau's casino industry dynamics for the remainder of 2008 in addition to an analysis of its tourism sector. The Globalysis report estimates that Macau will experience approximately 28.8% growth in GGR over its 2007 performance to reach US$13.5 billion for the entire calendar year 2008.

Mr. Jonathan Galaviz, Partner at Globalysis Ltd., said, "It now looks like Macau will bypass not only the Las Vegas Strip once again in terms of gaming revenue in 2008, but for the first time, also that of the entire metropolitan area of Las Vegas (Clark County). Macau's continued growth in GGR is a reflection of the generally strong macro-economic environment that Macau finds itself within Asia. Moving forward, it will be critical for Macau to begin fully developing its airline sector to allow more direct flights from key cities in Asia in order to feed tourism traffic."

The positive factors cited for Macau's GGR growth include increased visitation from China's growing middle-class, the opening of several new integrated casino developments, and a small regional spillover effect from the Beijing 2008 Olympics.

The report also highlights certain risks that Macau's casino and tourism sector may face moving forward. Some of these include concerns over the effect of U.S. economic woes on Asia's macro-economic performance, possible oversupply of casino integrated resorts in Macau, and outbound tourism visa rules for citizens of Mainland China.

The Globalysis report is available for purchase at a cost of USD$300 per copy at www.marketresearch.com.

Note to Editors: The Globalysis research report will be made available to recognized media outlets at no cost.

About Globalysis

Globalysis Ltd. is a leading Las Vegas, Nevada-based boutique travel and leisure sector strategy consultancy focusing on the hotel, airline, casino gaming, and real estate industries in the global travel and leisure sector. The firm has served several Global 1000 companies on issues of country planning, market analysis, and joint venture strategy.

© 2008 Globalysis Ltd., All Rights Reserved

 
 
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