Fall 2013 Issue of Horizons

GAMING

It’s All About Expansion for the Gaming Industry by Brandon Loeschner, CPA, CISA & Daniel Holmes, CPA, CIA

T he gaming industry continues to flourish on both a global and national level. Gaming expansion is everywhere – expanded event space, hotel rooms, gaming floor square feet, gaming positions/ types, and gaming regulations. International Growth Driven by the spectacular development of gaming in Macau, China, the industry continues to experience exponential growth. Since surpassing the Las Vegas Strip in 2006, Macau has grown to a $38 billion gaming

market. Some have even touted Macau as “Vegas on steroids.”

The growth of this market has contributed to the strong cash flow and earnings growth for the three U.S. gaming companies (Wynn, Sands, and MGM) that invested in the Macau market. Beyond Macau, gaming is continuing to expand internationally with the gaming markets in Singapore and the Philippines reporting double-digit year-over-year growth rates.

page 8 | horizons Fall 2013