Fall 2013 Issue of Horizons

∙ Russia is looking to build a Vegas-like resort development in the Primorsky territory. Although the territory is a remote region in the far east of Russia, the development would be accessible by those in northern mainland China that cannot access the Macau market. U.S. Growth Domestically, the United States gaming market has bounced back and surpassed pre-recession levels. In 2012, the United States commercial and tribal gaming industry reached $65 billion in revenues. This is primarily attributed to the expansion of gaming in regional markets, another steady year of growth in tribal gaming, and a rebound in the Las Vegas gaming market.

With gaming revenues increasing exponentially, other countries are also looking toward gaming expansion, the most notable of which include Spain, Japan, and Russia.

∙ Spain is currently considering a “Eurovegas” resort development near

Madrid. The development would be led by Las Vegas Sands CEO, Sheldon Anderson. However, prior to the development, the Sands is requesting a smoking ban be overturned and online gaming be limited to poker.

∙ Japan is currently exploring the development of casino gaming, with

Caesars Entertainment, Las Vegas Sands, and Genting Gaming all expressing interest in the market. Analysts are predicting the market will legalize gaming in the next 12 to 18 months.

Comparison of Gaming Revenues Between Macau and Las Vegas Strip

$40B

$38.0B

$35B

$33.5B

$30B

$25B

$23.5B

$20B

$14.9B

$15B

$13.6B

$10.4B

$10B

$7.1B

$6.8B

$6.7B

$6.2B

$6.1B

$6.1B

$6.0B

$5.8B

$5.8B

$5.6B

$5B

$0

2005

2006

2007

2008

2009

2010

2011

2012

Macau

Las Vegas Strip

Sources: Nevada Gaming Control Board and UNLV Center for Gaming Research

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