Cotai Casinos Breaking Ground on Expansion Plans
The first phase of building on Cotai in Macau is nearly complete, and we're entering a period of constant gaming supply in the next three years. Today, crews are already working on Phase Two of Cotai's expansion, and some new entrants are eagerly entering this hot market. Wynn Resorts (NAS: WYNN) is building its first Cotai resort, and MGM Resorts (NYS: MGM) is hoping to get going soon. They'll join Las Vegas Sands (NYS: LVS) and Melco Crown (NAS: MPEL) , which have a presence but are also eyeing expansions.
Las Vegas Sands is currently the dominant player on Cotai, but new competitors are quickly entering the market. The company is now looking to spread its empire further, but will it be able to replicate its prior successes? Learn about all this and other opportunities, and the risks they pose, in our brand-new premium report on Las Vegas Sands. We're providing a full year of analyst updates to go with it, so make sure to claim your copy today by clicking here.
The article Cotai Casinos Breaking Ground on Expansion Plans originally appeared on Fool.com.Fool contributor Travis Hoium owns shares of Melco Crown Entertainment and Wynn Resorts. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.