Macau Could Soon Replace Las Vegas as World’s Largest Gaming Market
Written on June 25, 2006 by a2zMacau
une 26, 2006 | MensNewsDaily | Tiny Macau has not only become Asia’s casino capital, but gaming experts say it could soon replace the Las Vegas Strip as the world’s largest gambling market in terms of revenue.Macau’s gross gaming revenue is already almost on the same level as that of the famous Strip, the 6.5 kilometer string of hotels and casinos in Las Vegas. Official figures show that last year, Macau’s casinos had revenue of about $5.6 billion, compared with the $6 billion the Las Vegas Strip casinos made.
Macau has some way to go before catching up to Las Vegas as a whole. The total gaming revenue for Las Vegas, including areas such as Clark County and the Boulder Strip, was $9.7 billion.
But Macau has reached its current level with less than half as many gaming tables, and only six percent of the slot machines, found in Las Vegas.
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