BUSINESS

US casinos’ bets on Macau pay off

TAGs: Las Vegas, Macau

MACAUThe gambling hotspot of Macau is often referred to as the ‘Las Vegas of Asia’, but there are some clear distinctions to be made between the two territories. For one, unlike Vegas, which has come to rely more on non-gaming revenue sources such as shopping and elaborate Cirque du Soleil spectacles with whole-family appeal, Macau’s visitors tend to be all guys, who are just there to bet and drink and don’t really give a shit whether Siegfried & Roy get eaten by their tigers. Another difference is that Macau’s casinos appear to have rebounded from the the global economic downturn much sooner than Vegas, and this has US casino magnates with operations in Macau smiling like Buddhas. Read more.

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