Macau is pulling more of these types of Chinese tourists now, and fewer whales, as revenues continue to skyrocket (Image: CNN.com)
Macau now named the #1 gambling revenue locale worldwide has had another record year, with a $45 billion intake in 2013, lots that represents an 18.6 % jump through the year prior. And even though Las Vegas’ improvements from the 12 months before had been really a bit greater than this, percentage-wise, Macau continues to beat the American gambling mecca out by way of a seven-times-greater input yearly.
But while past years’ growth ended up being mostly attributed to the mega-wealthy Chinese whales who found the Chinese special administrative district to play at opulent casinos such as the Venetian Macao or Galaxy Macau, the most recent year’s upswing happens to be more because of the common guy, i.e., China’s middle income and their new access to the gambling kingdom that is neighboring.
Most credit because of this influx of this public goes to an ever-growing rail that is high-speed, 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 enabling many more time and brief trip travellers in the future and invest their cash at Macau’s casinos; new attractions increasing in nearby Hengqin Island will also be hel [Read more…] about Middle income Tourism Expands as VIP Marketplace Slows in Macau