Middle income Tourism Expands as VIP Marketplace Slows in Macau

Macau is pulling more of these types 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 in the world has had another record year, with a $45 billion intake in 2013, lots that represents an 18.6 percent jump through the year prior. And despite the fact that Las Vegas’ improvements from the 12 months before were actually a bit more than this, percentage-wise, Macau continues to beat away the American gambling mecca by way of a seven-times-greater input annually.
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But while previous years’ growth ended up being mostly attributed to the mega-wealthy Chinese whales who stumbled on the Chinese unique administrative district to play at opulent casinos like the Venetian Macao or Galaxy Macau, the most recent year’s upswing is more thanks to the normal man, i.e., China’s middle income and their new access to the neighboring gambling kingdom.
Most credit with 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 paid down access time to Macau. That reality, in turn, is allowing for numerous more time and trip that is brief in the future and spend their money at Macau’s casinos; new attractions going up in nearby Hengqin Island ar […]
