Far East Gamblers in Macau, Mecca of Las Vegas

A major reason for Asia’s accelerating success in the international gaming industry is Macau, a world-class tourist destination where gambling is legal. Now part of China, this former Portuguese colony has been transformed by foreign developers into a gambling mecca known as the “Las Vegas of the East.” Minus player winnings, revenues for Macau casinos rose to some US$6 billion in 2005, outpacing the Las Vegas strip’s profits of about $5.3 billion.

A small cluster of islands and a peninsula that extends off China’s southern coast into the South China Sea, Macau occupies a compact 25 square kilometers and is just 65 kilometers away from Hong Kong. Yet as the gateway to mainland China, Macau is well-positioned to benefit from the robust growth of the world’s most heavily populated country.. More specifically, the emerging cohort of wealthy baby boomers in China is expected to fuel an annual increase in revenues of almost 25% over the next five years. More than 100 million people live within a three-hour drive of Macau and more than one billion can fly to the gambling resort destination in three hours or less.

Industry experts note that Asian gamblers tend to wager much more than North American players, which is one reason why table games in Macau 888 casino generate about six times more revenues than those in Las Vegas.

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