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A Tale of Two Cities An executive’s view of Macau vs Las Vegas

 jun26 Mark Tricano has held senior executive positions at Macau’s Galaxy Entertainment Group and in the US with Caesars Entertainment, Fontainebleau and Station Casinos. In this first of a two-part series, he shares his unique insights into the differences between working in these two global gaming hubs. On the surface, Las Vegas and Macau look like two sides of the same coin. Walk a casino in either market and the energy is familiar – the sounds, the movement and the excitement – but dig deeper and they are meaningfully different. They operate under different rules, serve different customers and require different attributes from the people responsible for leading them. I have spent the better part of two decades working in Las Vegas and several years operating at a senior level in Macau. To be clear, I’m not a regulatory expert, a cultural scholar or the foremost authority on either market, but I am an operator who has paid close attention and learned a few things along the way. ...
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The growing tension between market share acquisition costs and profit margin erosion

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 june26 Is Macau’s reinvestment race counter-productive?   by David Bonnet     Tue 30 Jun 2026 at 09:57 8 SHARES 193 VIEWS Integrated resort executive David Bonnet further explores the growing tension between market share acquisition costs and profit margin erosion in the SAR and asks whether operators are focusing on the right areas in their quest to boost market share. In an earlier article I wrote, called “Promo Costs: Market Share or Margin?,” we examined the growing tension between market share acquisition costs and profit margin erosion. At the heart of the discussion was a simple question: does increasing player reinvestment generate incremental growth or merely redistribute existing demand? More than three years into the post-pandemic recovery, new data provides additional insight into the market’s evolution. Macau has largely completed the transition from volume to yield growth. Capacity is fixed, visitation patterns have matured, and premium hotel inventor...
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