MACAU WILL SOON groan under thousands of square feet of floor space dedicated to all gaming-derived entertainment resorts. First off the mark is Wynn Macau. Its bronze facade faces former gaming monopoly holder Stanley Ho Hung-sun's Hotel Lisboa. Mr Ho's answer to that is the Grand Lisboa behind the original Lisboa. It will open later this year. When Wynn opened earlier this month, the Las Vegas-style gaming resort added 100,000 sqft of gaming floor area, 600 hotel rooms and 23,000 sqft of convention and exhibition facilities, and put a new spin on gaming resorts previously reserved for Las Vegas. By late next year, a 136,000 sqft gaming area will come on stream in phase two. Venetian Macau will open its 3,000 room hotel and 546,000 sqft casino by the middle of next year. It will be followed by the unveiling of its imposing 1.2 million sqft convention and exhibition facilities at end of the year. Hot on their heels are Melco's Crown Macau and City of Dreams, Galaxy's Grand Waldo and StarWorld, Pansy Ho Chiu-king and MGM's MGM Grand Macau, and Sociedade de Jogos de Macau (SJM)'s Oceanus. A significant portion of these new developments is concentrated in the Cotai Strip - the reclaimed zone between Taipa and Coloane Island. This will be where Macau may live out its reputation as a mini Las Vegas. A 2004 research report by United States institutional broker/dealer Gabelli & Co on Macau's gaming market shows that Macau's table game win per day at US$27,319 is more than 10 times higher than Las Vegas Strip's average of US$2,212. 'We anticipate gaming revenue will continue to see double-digit growth,' Venetian Macau chief operating officer Frank McFadden says. 'There will be growth in other areas such as entertainment, dining, retailing, conferencing, leisure and spa. There will be a more eclectic offer. I don't know what fiscal generation impact that will have.' After the liberalisation of gaming rights from the monopoly held by Mr Ho to a concessions and sub-concessions system distributed to six companies and their partners, Macau's gaming revenue grew so quickly that it overtook Atlantic City in 2004 to become the world's second-largest gaming market. At present, 16 of the 22 casinos are run by Mr Ho's SJM and another 16 projects are in the pipeline, analysts say.