Some of the leading names in the world of casinos have built casino resorts in Macau such as the Wynn Resort, MGM Grand and the Las Vegas Sands. Macau also has casinos owned by SJM Holdings the company belonging to Stanley Ho who used to have a monopoly over gaming in Macau for decades before the industry opened up to outside casino developers.
For over a year analysts believed that the huge growth in casino revenue in Macau could not be sustained and the Macau government itself even tried to slow growth in the gaming industry there by claiming that there would be no further casino developments in the near future. The government wished to try to move the economy on from its dependence on gambling as its main industry. However the huge growth so far in the few months in 2012 has gone against this trend by exhibiting an increase in revenue that surpasses all the predictions.