Macau, baby, Macau?
The smart money says that Vegas is the gambling capital of the world, right? Well, that might have been true years ago, but in this current world where disposable income is no longer just an American luxury, the title of biggest casino market goes to Macau in Asia. A recent USA Today story claims that Las Vegas may even fall to third behind Singapore.
Here is what is amazing about this story: Singapore just opened its first two casinos in 2010! That’s right, while Vegas has been building like crazy for many decades, Singapore put up two monster casinos and generated $5.1 billion last year and an expected $6.4 billion this year.1
Two more interesting facts before you bring up Vegas’ spot as a third wheel:
- Macau pulled in $23.5 billion last year and is still rapidly growing.
- The original source can’t be identified, but it is understood that Singapore casinos have been enforcing that no more than 30% of the patrons are locals to ensure that the casinos remain a tourist attraction and that the locals aren’t the only ones pouring money into the casino. Outside revenue is the preferred option for Singapore.2
Read on:
WSJ.com – Macau Gambling Revenue Jumps 48% to Record
AmericanGaming.org – state statistics
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