$3Billion Chinese Take Away

$3Billion Chinese Take Away

Macau, China, known to make 5 times as much money as Las Vegas!! Gambling tourism is Macau’s biggest source of revenue, making up about 50% of the economy. Visitors are made up largely of Chinese nationals from the mainland and Hong Kong. With the entry of large foreign casinos from Las Vegas and Australia, Macau overtook the Las Vegas Strip in gaming revenues in 2007. Until Western-style casino games were introduced in the 20th century, only Chinese games were played, the most popular being Fan-Tan. Generally, gambling in Macau can be divided into three different categories: casino games, horse racing and greyhound racing. There is also sports betting and a number of lotteries. At the present time, Macau does not license online gaming operations.

Added on: November 1st, 2012

Category: MONEY, NEWS

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