Macau is pulling more of these types of Chinese tourists now, and fewer 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, a number that represents an 18.6 per cent jump from the year prior. And despite the fact that Las Vegas’ improvements from the year before had been actually a bit higher than this, percentage-wise, Macau continues to beat away the American gambling mecca by a seven-times-greater input annually.
But while past years’ growth was mainly attributed to the mega-wealthy Chinese whales who came to the Chinese special administrative district to play at opulent casinos like the Venetian Macao or Galaxy Macau, the latest year’s upswing has been more because of the most popular guy, i.e., China’s middle class and their new access to your neighboring gambling kingdom.
Most credit with this influx of the public goes to an ever-growing high-speed rail system, in addition to 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 permitting numerous more day and trip that is brief in the future and spend their money at Macau’s gambling enterprises; new attractions going up in nearby Hengqin Island will also be hel Continue reading “Middle Class Tourism Expands as VIP Market Slows in Macau”