Macau is pulling more of these sorts of Chinese tourists now, and less 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, lots that represents an 18.6 % jump through the year prior. And even though Las Vegas’ improvements from the year before were really a bit higher than this, percentage-wise, Macau continues to beat down the American gambling mecca with a seven-times-greater input annually.
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 for instance the Venetian Macao or Galaxy Macau, the latest year’s upswing happens to be more as a result of the normal guy, i.e., China’s middle-income group and their new access to the neighboring gambling kingdom.
Most credit with this influx of the masses goes to an ever-growing rail that is high-speed, 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 off access time to Macau. That reality, in turn, is enabling many more time and trip that is brief in the future and invest their money at Macau’s casinos; new attractions rising in nearby Hengqin Island may also be assisting to Continue reading “Middle income Tourism Expands as VIP Marketplace Slows in Macau”