Macau Casinos Win $45.2 Billion From Gamblers In 2013
Former Portuguese Colony Has Another Record-Setting Year
Macau just broke its own record.
After a big December, the former Portuguese colony and the only place in China were casinos are legal, took in 360.7 billion patacas ($45.2 billion) from gamblers in 2013. That mark was a 19-percent increase compared to calendar year 2012, which was then a record.
These figures are according to Macau’s Gaming Inspection and Coordination Bureau.
The best month for the home to the Cotai Strip was a $4.57 billion-October.
For comparison, the entire state of Nevada is around one-fourth as large. The entire commercial industry in the United State was around $37 billion in 2012, though if you factor in tribal gambling ($27.9 billion in 2012), the U.S. as a whole is still the top market in the world, well above China and its Macau.
Though, that might not last for too long.
According to The Wall Street Journal, at least one analyst has predicated that Macau gambling revenue will grow by another 20 percent in 2014, while another says that in 2017 it will hit a whopping $77 billion.
Macau has more than 30 brick-and-mortar casino properties, and more are on their way.
In 2012 Macau officials decided to let foreign casino operators in, and the market soon exploded. Today, top firms like Las Vegas Sands Corp. and Wynn Resorts do business there.
Online gambling might be on its way in Macau, as one firm recently announced that it would push for such activity. Running a web betting business isn’t currently legal there. However, if you reside in Macau you can access and play on such like PokerStars and Full Tilt Poker.
|1||Final Nine Set For 2016 WSOP Main Event|
|2||Damon Impersonates Malkovich From 'Rounders'|
|3||Someone Paid €110,000 To Player Poker With Ed Norton|
|4||Jon Turner Wins CPPT Venetian Main Event|
|5||CPPT Venetian: Thomas Paul Leads Final 16 Players|
|6||CPPT Venetian: Erick Lindgren Leads Final 62 Players|
|7||Kuljinder Sidhu Wins Bellagio Cup XII Main Event|
|8||Vegas Bookmaker Fined $1.5M, CEO To Resign|
|9||Poker Strategy With Ed Miller: Three Bet-Sizing Tells|
|10||Poker Strategy: Beware Of Unforced Bets|
|1||Poker Pro Folds Quads To All-In Bet In Main Event|
|2||Final Nine Set For 2016 WSOP Main Event|
|3||Fedor Holz Wins 2016 WSOP $111,111 High Roller|
|4||Man Runs Up $10K Into One Drop Buy-In Playing BJ|
|5||Phil Ivey Enters First And Only WSOP Event In 2016|
|6||Raymer Not Impressed By Being Last Former Champ Left|
|7||Mercier Proposes To Girlfriend At Final Table|
|8||Man Pays $10K To Enter Ladies Event At 2016 WSOP|
|9||2016 WSOP Main Event: 80 Players Remain After Day 5|
|10||Money Bubble Bursts In 2016 WSOP Main Event|