In Global Betting and Gaming Consultancy's latest edition of its Global Gambling Report, one can read about the world's most successful casinos in 2014. The report showed that the overall global gambling market increased 3.2 percent last year to over $450 billion.
The U.S. casino industry was worth just under $62.16 billion in 2014 - just about $17 billion more than Macau's. However, in term[...] Read more » Macau Far Ahead of USA In Terms of Individual Casino Revenues
Joined: May '08
Location: Germany
Age: 59 (M)
Posts: 6786
This is not to surprising. Gambling in Macau is comparably new, while Vegas (and Atlantic City) do business for some time now. Put on top the difficult economic situation in the west, and the outcome was to be expected
Joined: May '08
Location: Lithuania
Age: 39 (M)
Posts: 10090
"according to calvinayre, many Las Vegas casinos generate less than half of their total revenue from gaming these days" - the way i see situation, this is more a plus than a minus. diversification of revenue streams is always a welcome thing, since it makes you more prepared for tsunamis and global warming.
Joined: Mar '12
Location: United Kingdom
Age: 45 (F)
Posts: 2261
Some of those numbers are amazing-$450 billion is spent gambling and that is not including all the blackmarket stuff.It just shows that if you have a good casino there is a fortune to be made even with all the new regulations. With these numbers it is understandable why Governments are trying to get a bigger piece of the pie.
Joined: Apr '09
Location: Portugal
Age: 44 (M)
Posts: 4827
Do you guys know why that second biggest casino from Macau in terms of gross gaming yield is called Grand Lisboa? Because, before being independent, Macau was a Portuguese colony, which capital city is Lisboa (Lisbon, in english, although i'm a defender that names shouldn't be translated), and so the name should be like a memory from those times. Apart from this little brain candy, it was known by the common sense that casino industry in Macau is the biggest. Being closer to China and Japan also turns it more attractive and practic to visit to Asian players, and even to Russian players, than Las Vegas.
Either they are thriving because of the asian economic boom/bubble? or China and it's territories have the least shrewdiest gamblers of all time. Don't get me wrong asians know a lot more about math than me, but this revenue does not come from european tourists I think...
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