March 10, 2005

Move Over Las Vegas

If someone were to ask you, "What is the biggest gaming area in the world?" you'd be correct in saying "Las Vegas". However, the correct answer will soon be changing to "Macau".

Where's Macau? It is a peninsular city located in southern China. And it is quickly turning into the Gambling capital of the world How big? Just look at the numbers:

Las Vegas Strip Casino Revenue (2004): $5.3B
Macau Casino Revenue (2004): $5.2B

Average Bet Per Hand in Macau: $85
Average Bet Per Hand in Las Vegas: $25

Average Table Revenue At The Sands Casino in Macau: $6,100 / day
Average Table Revenue at The Venetian in Las Vegas (Same Ownership): $3,050 / day

Number of Slots at The Sands Casino in Macau: 850
Number of Slots at The Venetian in Las Vegas: 2,000

Number of Tables at The Sands Casino in Macau: 360
Number of Tables at The Venetian in Las Vegas: Around 120

And the Chinese play more hands per hour as they insist cards are brought to the table already shuffled. Plus they play while drinking tea and warm milk instead of the free cocktails most gamblers slam down in excess in Vegas.

One can only wonder how long it'll be until Macau has erupting volcanos, dancing waters shows, an Eiffel Tower replica and other Vegas-type attractions.

Source

Posted by Cruzino at March 10, 2005 09:24 PM | TrackBack
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