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Revenue increase in Macau casinos

Revenue increase in Macau casinosMacau is way ahead of others in the gaming industry worldwide. For a few years now, Macau has succeeded in leaving Las Vegas and its casinos behind, a part of the world that had reigned for many years as the international gaming capital. Since Sheldon Adelson, Wynn and other American and Macau magnates built immense casinos every bit as good American casinos, the ex-Portuguese colony has risen to the top position in the gaming world. The Macau casinos’ balance sheet is very healthy: turnover of 33 billion euros , a rise of 18.6%. This result is even better than that of 2012 when two figure growth reached 13.5%. Even though this increase in turnover is a positive sign, Macau’s casinos are still far from the phenomenal increase of 42% in 2011. Every year millions of Chinese tourists pour into the only place where casino games are tolerated. Within a couple of years Macau has become the gaming El Dorado leaving on the side lines Las Vegas and Atlantic City’s casinos which have lost their glamour. Some of Atlantic City’s casinos like the Atlantic Club are closing down because they can’t find buyers in direct contrast to Macau’s casinos which are in excellent financial health.

Asians pour into Macau’s casinos every year and it wasn’t just by chance that Sheldon Adelson abandoned the idea of making Madrid the European gaming capital preferring to concentrate on Japan and South Korea. This part of the world is booming and these millionaires who have made their fortunes from gaming feel that Asia has great potential for land based casinos.Macau’s casinos still have a great future even if Singapore’s casinos are in direct competition with them not to mention the future casinos which are soon to be built in Japan and South Korea.

By | 2014-05-27T12:24:40+00:00 January 17th, 2014|Casino, Macau, News|0 Comments