The casino industry in Macau and Singapore has exhibited robust growth over the last five years. Macau is largely responsible for the solid financial results of U.S. gaming companies such as Wynn and Las Vegas Sands. Recent reports suggest that close to 85% of revenues of Las Vegas Sands originate from Macau and Singapore. That Wynn, Las Vegas Sands, and MGM have all sought to list their securities on the Hong Kong market should therefore not come as a surprise to anyone.