Chinese middle class and upper middle class people have a lot of money, and they love gambling, so they spend a good portion of their incomes in gambling. $27 billion is just gaming revenue. Revenues from hotels, restaurants, bars ... are not included in this $27 billion.
Did Chinese took back control of Macau ?
Quote:
Macau has been the talk of the gaming world for a decade now, and for good reason. The region brought in $27.1 billion in gaming revenue over the past 12 months, dwarfing the Las Vegas Strip.
In July, Las Vegas Strip revenue jumped 16.8% from a year ago to $613 million on strength across the board. Blackjack, [censored], and slots all rose sharply in the region. Most importantly, baccarat, a game that was hurt by the decline in Chinese gamblers and is a majority of Macau revenue, made a recovery as well. Baccarat play was up 16.5% and mini-baccarat was up 12.1% in the month.
A single month of strength doesn't mean the Las Vegas Strip is going to grow double digits for the foreseeable future. After all, over the past 12 months, gaming revenue is up just 0.9% to $6.4 billion. But Las Vegas has been extremely stable as Macau has declined.
https://www.yahoo.com/finance/m/347618a1-b15e-3a4c-986c-68adf22e5e55/ss_forget-macau%2C-the-las-vegas.html
Did Chinese took back control of Macau ?
Quote:
Macau has been the talk of the gaming world for a decade now, and for good reason. The region brought in $27.1 billion in gaming revenue over the past 12 months, dwarfing the Las Vegas Strip.
In July, Las Vegas Strip revenue jumped 16.8% from a year ago to $613 million on strength across the board. Blackjack, [censored], and slots all rose sharply in the region. Most importantly, baccarat, a game that was hurt by the decline in Chinese gamblers and is a majority of Macau revenue, made a recovery as well. Baccarat play was up 16.5% and mini-baccarat was up 12.1% in the month.
A single month of strength doesn't mean the Las Vegas Strip is going to grow double digits for the foreseeable future. After all, over the past 12 months, gaming revenue is up just 0.9% to $6.4 billion. But Las Vegas has been extremely stable as Macau has declined.
https://www.yahoo.com/finance/m/347618a1-b15e-3a4c-986c-68adf22e5e55/ss_forget-macau%2C-the-las-vegas.html
