For some years now Macau has become so popular that this ex-Portuguese colony has outstripped Las Vegas. Its revenue for the year 2011 is four times greater than “Sin City’s” and foreign gaming operators are rushing in en masse to get their share of the cake. This is the case for Sheldon Adelson, the extremely rich American businessman who owns the casino company, Las Vegas Sands. This group owns several casinos in Las Vegas including the Venetian and the Palazzo. At the moment, Sheldon Adelson wants to conquer Macau by building new casinos there. Already the owner of three casinos, the American billionaire is in the middle of the construction of his new project, the Sands Cotai Central which is costing almost 4.5 billion dollars.But Sheldon Adelson isn’t going to stop there and also wishes to build a new casino which will be called The Parisian. As its name suggests this gambling complex will be an imitation of Paris with its emblematic Eiffel Tower of 160 metres. The first part of the building should start next November. The plan is to build a casino with numerous slot machines and a hotel with almost 3 000 rooms.
By setting up in Macau, the American magnate knows that his investment will very quickly show a return given that this island is the new global gambling capital. Since cash games are banned in China, Chinese players rush en masse to Macau to gamble. In just a few years 35 casinos have been built and the number should rapidly increase given the encouraging results. In fact, in 2011 the casinos made 33 billion dollars and Macau hosted 28 million tourists. These figures are incredible especially since the gaming market has only been open since 2001. Experts are predicting more fruitful years so the investors will keep coming.
