Macau is pulling more of these kinds of Chinese tourists now, and less whales, as revenues continue to skyrocket (Image: CNN.com)
Macau now thought to be the #1 gambling revenue locale on earth has had another record year, indian dreaming slot game with a $45 billion intake in 2013, a number that represents an 18.6 per cent jump through the year prior. And even though Las Vegas’ improvements from the 12 months before were really a bit more than this, percentage-wise, Macau continues to beat down the American gambling mecca by a seven-times-greater input yearly.
But while previous years’ growth ended up being mainly attributed to the mega-wealthy Chinese whales who came to the Chinese unique administrative district to play at opulent casinos including the Venetian Macao or Galaxy Macau, the most recent year’s upswing is more because of the common man, i.e., China’s middle class and their new access to the neighboring gambling kingdom.
Most credit for this influx of the masses goes to an ever-growing high-speed rail system, as well as 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 paid down access time to Macau. That reality, in turn, is allowing for many more time and brief trip travellers to come and invest their money at Macau’s casinos; brand new attractions rising in nearby Hengqin Island are also assisting to draw Continue reading “Middle Class Tourism Expands as VIP Marketplace Slows in Macau”