New Macau casinos have luck of the draw in second expansion

Cotai, an area of reclaimed land, is becoming a Las Vegas-style tourist hub with shopping centres, hotels and entertainment to complement the casinos, as Macau's gaming revenues last year grew to nearly three times greater than Las Vegas, Australia and Singapore combined - AFP Photo.

MACAU: Galaxy Entertainment Group Ltd and Melco Crown Entertainment Ltd look best placed to benefit from the next phase of Macau's development as the world's gambling capital adds eight more mega-casinos by 2017.

The expansion will take place in the Chinese territory's glitzy Cotai Strip and is expected to more than double Macau's annual gaming revenues to US$115bil in four years, according to research from US brokerage Wells Fargo.