Macau is pulling more of these sorts of Chinese tourists now, and fewer whales, as profits continue to skyrocket (Image: CNN.com)
Macau now named the #1 gambling revenue locale in the world has had another record year, with a $45 billion intake in 2013, a number that represents an 18.6 percent jump through the year prior. And despite the fact that Las Vegas’ improvements from the 12 months before had been really a bit higher than this, percentage-wise, Macau continues to beat away the United states gambling mecca by a seven-times-greater input annually.
But while past years’ growth ended up being mostly attributed to the mega-wealthy Chinese whales who found the Chinese unique administrative district to play at opulent casinos for instance the Venetian Macao or Galaxy Macau, the latest year’s upswing happens to be more because of the common man, i.e., China’s middle-income group and their new access to the neighboring gambling kingdom.
Most credit for this influx regarding the public goes to an ever-growing high-speed rail system, and a 38 billion yuan (US$6,216,291,171) connective connection that ties together Hong Kong, Macau and Zhuhai on China’s mainland, which has vastly reduced access time to Macau. That reality, in turn, is permitting numerous more time and trip that is brief in the future and spend their money at Macau’s gambling enterprises; brand new attractions rising in nearb Continue reading