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jan
7

Macau's gambling industry is now 7 times bigger than Las Vegas

Tags: high stakes, las vegas revenue 2013, macau revenue 2013
Posted on Tuesday, January 07, 2014 by "T".
Forget about Las Vegas and Antlantic City. Macau is the place where the big bucks are spent gambling. According to a recent article by CNN NewSource, Macau (a territory in China which lies on the Western side of the Pearl River Delta and was the first and last European colony in the country) had a gambling revenue of 360 billion patacas ($45 billion) in 2013 - an increase of almost 20% over the pr[...]   Read more » Macau's gambling industry is now 7 times bigger than Las Vegas

  7-Jan-14, 13:15   #1
Macau's gambling industry is now 7 times bigger than Las Vegas 0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 47 (M)
Posts: 5537
Macau is definitely the gambling capital of the world now. The amounts being gambled for over there is unbelievable and i bet all the top pro players will be licking their lips at all the money on offer out there

     
  7-Jan-14, 14:02   #2
  0 
Heskor 
Joined: May '13
Location: Mauritius
Age: 25 (M)
Posts: 2659
Ever since the legislation in USA was came gambling decrease as expected in the long run and now China is taking over, but it is good to see that gambling business is very profitable in the long run. Cheers would like to visit someday!

     
  7-Jan-14, 14:10   #3
  0 
Phisix 

Joined: May '13
Location: United Kingdom
Age: 30 (M)
Posts: 2216
Well considering China has a bigger population than the US and is the only place to gamble legally in China it should bring in more gamblers. Especially from the China population itself.

Just checked out some pictures of Macau and it looks a nice place.

     
  7-Jan-14, 14:11   #4
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 51 (M)
Posts: 6230
Vegas lost its unique position as the only place, where gambling was legal, and its spot in the middle of the desert is a serious problem in the long run. Why visit there, when you can have the same games in a costal town? For Asian players Macau is much easier to reach than Vegas, so comes as no surprise that it is numer one now.

     
  7-Jan-14, 14:40   #5
  0 
vsemoje 
Joined: Feb '13
Location: Slovenia
Age: 34 (M)
Posts: 515
Everything is big in china and russia Smile But i am kinda glad they overtook lasvegas. And recently all seriuos cash game players go to Macau caus chinese bussiness man have a lot of money Smile

+ they offer highest stakes in live poker.

     
  7-Jan-14, 16:10   #6
  0 
noonlion 

Joined: Mar '12
Location: United Kingdom
Age: 32 (M)
Posts: 1277
Macau has always been mega has it not? But this is quite surprising in a way. Macau seems like a hardcore gambling hot spot, whereas Vegas is for your mixture of tourists and people wanting to get drunk and limit their loses to a few thou.

Plus that 50k limit on money out China will be a huge driver in those numbers.

     
  7-Jan-14, 16:59   #7
  0 
jeffaboy 
Joined: Jan '14
Location: Netherlands
Age: 20 (M)
Posts: 863
But still if i would have to choose between going to vegas or macau i think my choice will be at vegas even tho macau might be bigger

     
  7-Jan-14, 18:00   #8
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 8628
well don't you think that the only real reason why Macau gaming industry is 7 times bigger than Las Vegas is only this: "...and many visit Macau in order to cash out casino chips in foreign currencies - to overcome limits on moving cash out of China (Bejing limits the amount of money Chinese can take out of the country to $50,000 per year) to invest and make purchases in, for example, Europe and the United States." without these restrictions i really doubt that Macau would be this big

     
  8-Jan-14, 06:11   #9
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 51 (M)
Posts: 6230
Posted by pochui:
" without these restrictions i really doubt that Macau would be this big

This may be true. But on the other hand, without restrictions to gambling in the other states, there would be no Las Vegas.

     
  8-Jan-14, 07:59   #10
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 32 (M)
Posts: 4685
Well, honestly if I could choose who should take my money, the daego mobsters/corporate bankrollers in Atlantic City/Las Vegas or the triads on Macau I'm going with the asians.

Too bad neither gonna see a dime from me. Big Smile

     
  8-Jan-14, 12:19   #11
  0 
Plexo 
Joined: Aug '09
Location: Chile
Age: 30 (M)
Posts: 1336
Wow never heard about this place before.

I was planning to visit Las Vegas this year but I guess I will have to change my destination. What Phisix said is true. Considering that is the only place to legally gamble in China, it is reasonable that is 7 times bigger than Las Vegas.



     
  8-Jan-14, 17:08   #12
  0 
DaCapo71 
Joined: Aug '10
Location: Germany
Age: 45 (M)
Posts: 1707
Macau in asia was really a verry big gambling paradise. And the winnings are tax free and the laws are no so strictly like in the USA. The mega Citys in asia a rising up verry fast in the last years and the gambling industry there is one of the biggest in the world.

     
  8-Jan-14, 17:35   #13
  0 
noonlion 

Joined: Mar '12
Location: United Kingdom
Age: 32 (M)
Posts: 1277
Coupled with China's expanding economy and emerging upper crust plus more foreign interest then it's easy to see how Macau is such a monster.
However I'd still imagine that not a lot of social mobility exists for large chunks of China's population, so there's obviously lots of people coming from all over the joint i.e. other countries.

Macau must be a criminal haven all the same. Wonder what the crime rate is like?

     
  10-Jan-14, 13:57   #14
  0 
Macubaas 
Joined: Apr '11
Location: Romania
Age: 27 (M)
Posts: 6668
It was clear that this would have going to happen really fast, even the high stakes tables at poker sites have tons of players from Macau.

Plus you need to take in consideration that China is right know the first economic power of the world so it was clear that this buisness will grow like wild fire there.

     
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