Macau, a gaming capital
Macau is a peninsula situated to the west of Hong Kong in China. An ex-Portuguese colony, Macau reverted to China in 1999 but one can still see signs of the colonisation in the city’s architecture. Macau now has more than 500 000 inhabitants in an area of 16 square kilometres. The main local economic activities are fishing and industry however tourism is a growing sector. Over the last few years Macau has become one of the most important gaming cities on a par with Las Vegas or Monaco.
Macau’s economy is dependent on cash games; in fact 40% of the peninsula’s Gross National Product is provided by casinos. Also it is the only Chinese city where cash games are authorised. Because of this many gaming operators are investing in Macau and it is one of the reasons for the rapid growth of the city. Macau has already made its reputation as a city for cash games. Players come from all over the world to be entertained in one of the city’s many casinos. The infrastructure and services linked to these are available at all levels in the city including hotels, restaurants and means of transport.
Some statistics on the cash gaming sector in Macau
Without doubt Macau is one of the world’s leading cash gaming cities and its future looks bright. More than thirty casinos offer their services in Macau including 9 which are open all the time. The main investors in these casinos are americans who collaborate with the Chinese government to set up casinos. Several Las Vegas casinos for example have subsiduaries in Macau including the Venetian which is the largest building in Asia.
Cash games have been legal in Macau for the past 150 years and the city is about to surpass Las Vegas in terms of revenue. In fact, the Macau casinos generate about 15 billion dollars each year which is almost 4 billion per quarter. Among the tens of millions of tourists who pass through Macau annually, a large majority come to gamble. This group is made up of about 55% chinese. The casinos also promote themselves by inviting celebrities to play there. Nowadays Macau is well known as the new international cash gaming capital. In fact the amount of income generated by cash gaming in Macau has reached that of Las Vegas in 2005. At the time this amount was 5.6 billion dollars and nowadays this figure has tripled.
Casinos and Games in Macau
Most of the Macau casinos have been built by American billionaires who wished to expand their business. This was the case of the Venetian which is a larger copy of the establishment of the same name in Las Vegas. This casino has an area of 950 000 square metres and it cost almost 2.5 billion dollars. There are several hundred gaming tables and a hotel complex allows players to relax. The Lisboa is a casino- hotel with more than 6000 rooms and whose casino is very popular with players. The rooms are retro in style and the Lisboa caters for players of different levels. The floating Casino also deserves note among the Macau casinos due to the quality of its service and the great diversity of the games it offers.
It isn’t just casinos that are plentiful in Macau there is also a wide range of games on offer. Needless to say, casino gaming classics such as roulette, craps, poker and blackjack are available. However games of Chinese origin which are less popular in the west are also available in these casinos. These games are mainly aimed at Asian tourists and include pai kao, fan tan, dai siu and mahjong. There is no lack of slot machines in Macau because they are an integral part of every casino. The largest banks of slot machines contain thousands of slots and they are made even more popular due to cumulative jackpots.
News about Macau Casinos
- Hong Kong’s Casino boats : competition for Macau’s Casinos ? Every night eight casino boats leave the port of Hong Kong to head into international waters where their casinos open and players can gamble all night until the early hours. These casino boats are becoming more and more popular with gamblers who would have previously headed to Macau to visit its casino resorts but who ... Read More
- SJM Holdings Macau and the proposed casino smoking ban SJM Holdings (Sociedade de Jogos de Macau), the leading casino operator in Macau is still in first place as regards income from casino gambling. There are six licensed casino operators since 2002 in Macau, which is the only Chinese territory where gambling is permitted. At one time, the group set up in 1962 and owned ... Read More
- MGM Gets Go Ahead to Build Casino in Macau MGM China, which is a subsidiary of MGM based in Las Vegas, was recently granted approval to build a casino in Macau. This will be the group’s second casino resort in Macau and it will be built on the Cotai strip. MGM China opened its first casino there, the MGM Macau casino resort in 2007. ... Read More
- Macau Casino Growth Dependent on Chinese Visas? There has been increasing concern in Macau over the reliance of the Chinese Special Administrative Region on revenue from gambling. Macau is the only area in China where gambling is legal and so millions of Chinese players regularly travel to Macau to gamble. This influx of Chinese gamblers fuels the basis of the Macau economy. ... Read More
- Gaming Revenue in Macau is lower than expected Despite predictions of sustained growth in revenue September’s income figures from gambling in Macau were lower than expected by analysts. Macau’s casinos attract huge numbers of players from mainland China since this administrative region is the only area in China where gambling is legal. There has been extremely strong growth in the casino market in Macau ... Read More
- Sands Reveals Plans for Macau Parisian Themed Casino Resort Sheldon Adelson is in the news again, this time with the announcement of plans to construct a very large casino resort on the Cotai strip in Macau. Adelson is a major developer of the Cotai strip which was reclaimed from the sea to become an area of luxurious casino resorts based on the famous Las ... Read More
- Casino Resort Development in the Growing Philippine Gambling Market While some reports may indicate a certain cooling down in the growth of the gambling industry in Asia there continues to be major investment in the region. The casino gambling markets in both Vietnam and the Philippines are among the latest to receive large scale investment and alongside the continuous growth in the key Asian ... Read More
- Macau’s Casinos to Suffer from Slowdown in the Economy? Macau, a Special Administrative Region, is the only part of China where players can legally gamble in casinos. In 2011 gaming revenue in Macau was over 34 billion dollars. For some years now Macau has outstripped Las Vegas as the world’s gaming capital and its gambling revenue is said to be about five times that ... Read More
- Shows not major winners in Macau casinos Macau is now the most popular destination for casino gaming even surpassing Las Vegas in attracting gamblers to its enormous, luxurious Las Vegas style casinos such as the Venetian Macau, Sands Macau, MGM Grand Macau and the Wynn Macau. However for those who have attempted to transplant the whole “Las Vegas experience” there has not ... Read More
- Macau Casino Revenue continues to Rise in 2012 Casinos are a major source of income for the Macau Government. While it had been predicted that there would not be large increases in revenue from gambling in 2012 the predictions have been proven to be incorrect as there has been an amazing 24% rise in revenue from the gaming industry in the month of ... Read More