Macau is pulling more of these sorts of Chinese tourists now, and fewer whales, as profits continue to skyrocket (Image: CNN.com)
Macau now recognized as 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 percent jump from the year prior. And despite the fact that Las Vegas’ improvements from the 12 months before had been really a bit greater than this, percentage-wise, Macau continues to beat away the United states gambling mecca by a seven-times-greater input yearly.
But while past years’ growth had been mainly attributed to the mega-wealthy Chinese whales who stumbled on the Chinese unique administrative district to play at opulent casinos like the Venetian Macao or Galaxy Macau, the latest year’s upswing was more as a result of the most popular guy, i.e., China’s middle income and their new access to the gambling kingdom that is neighboring.
Most credit because of this influx of the masses goes to an ever-growing high-speed rail system, in addition to a 38 billion yuan (US$6,216,291,171) connective bridge that ties together Hong Kong, Macau and Zhuhai on China’s mainland, which has vastly reduced access time to Macau. That reality, in turn, is making it possible for numerous more day and trip that is brief in the future and invest their money at Macau’s casinos; new attractions rising in nearby Heng Læs videre Middle Class Tourism Expands as VIP Market Slows in Macau
Hail, Caesars Entertainment: the casino company may or may not be eyeing Atlantic City’s Revel as their acquisition that is newest
We doubt that the Roman emperor himself kept his name center and front as well as Caesars Entertainment Corporation does these days. And despite continuing to hold the gaming industry’s debt load that is heaviest hovering at the $24 billion mark, buying and building new properties does not appear to be always myfreepokies.com a issue because of this casino conglomerate.
Lately, they are in talks with Japanese leaders to build a possible new casino in Osaka just as video gaming is legalized in Japan, and now the latest news, based on some insider reports, is they will have their attention on Atlantic City’s issue son or daughter casino, Revel.
Could Revel Be Next on Their List?
Revel officially went into bankruptcy right back in March 2013; not even 12 months into its once-gloriously touted entrance onto the Atlantic City land gaming that is beleaguered scene. Now anyone interested in snatching the casino up has under two weeks to submit a bid, and according to Bloomberg, Caesars just isn’t a slam dunk with this purchase; neither is it even 100 % certain they shall even take action to do so.
Other contenders are within the mix; those include Orlando-based intense Rock Global, who the nyc Post last thirty days reported as being in ‘advanced negotiations’ for the purchase. That was following a decision by Hard Læs videre Caesars Preps for Possible Revel-ation in Atlantic City