Middle-class Boom set to Revitalise Macau

Submitted by Payton on

Written by :

Payton

Published on :

Middle-class Boom set to Revitalise Macau

You could be forgiven for thinking that Las Vegas is the gambling capital of the world. Well, while the city's iconic strip houses some of the most famous casinos in the world in terms of size and money generated, Las Vegas comes a very distant second to Macau. Tapping into the huge gambling culture in Asia, the Chinese-ruled territory is now beginning to attract gamblers from around the world, all keen to explore the world's largest casino complex just off the coast of mainland China. If there was any doubt as to by how much Macau dwarfs Vegas, the fact the island generates seven times as much as its American rival highlights the scale we are talking about.

While the popularity of gambling online in North America is clear from the number of people visiting sites such as CasinoQuest.ca to access casinos online, in China many have to leave the mainland in order to play blackjack, roulette or their favorite slot game. Macau initially burst onto the scene following the decision to allow foreign companies to trade on the island in 2002, but recent years had seen the territory lose some popularity with a large number of VIP gamblers. Following a government crackdown on the island in 2013, some high rollers took their business elsewhere. However, a growth in China's middle classes appears to have filled the gap left by those big money gamblers, with Macau once again witnessing a real growth in visitor numbers. 

In a similar fashion, Honk Kong remains an autonomous territory, operating under Chinese rule ever since the former Portuguese colony was handed back in 1999. While gambling has been legal on the island ever since 1847, it wasn't until the turn of the century that Macau saw a huge spike in popularity with both gamblers and casino developers. At its peak, Macau generated $45 billion, and those glory days could be set to return with casinos based on the island now enjoying the fruits of China's burgeoning middle classes, not to mention some of those big money gamblers that had been absent in recent years.

Similar to those gambling fans who visit the Las Vegas Strip or online casinos through sites such as A2Zcasinos.org Macau's casino customers are split mainly into two groups: VIPs and casual gamblers. VIP visitors can often spend a few hundred thousand dollars at high roller tables, while the casual visitors can often be found playing at the $100-or-lower-minimum tables. And like Las Vegas and online gambling, Macau has began to put customer enjoyment at the forefront of what they want to achieve, changing the way many are viewing it. 

Previously knows as an intense, gambling-focused casinos in Macau have shifted to more of a resort-style experience, attracting a younger and more mainstream crowd, many making the short trip from mainland China looking to explore this fascinating island and everything it offers. 

 

Related Content

$1,008,719 Slot Jackpot at Fontainebleau Las Vegas

$1,008,719 Slot Jackpot at Fontainebleau Las Vegas

A lucky gambler at the Fontainebleau Las Vegas won 20,174 times his $50 wager and a cool $1,008,719 jackpot playing the Monopoly Big Board Bucks game, which has been paying out a lot of late.
St. Louis Man Charged With First-Degree Robbery After Allegedly Following Woman Home From Casino

St. Louis Man Charged With First-Degree Robbery After Allegedly Following Woman Home From Casino

Court documents allege that Ronell L. Williams, 36, followed a woman home from the Casino Queen in East St. Louis after she won $3,203 on the slot machines.
Raging Flood Waters Turn Grounds Outside Linq Hotel and Casino Into Roaring Rapids

Raging Flood Waters Turn Grounds Outside Linq Hotel and Casino Into Roaring Rapids

Video posted to social media by "Jedi Rich" on Sunday showed raging floodwaters outside the Linq Hotel and Casino in Las Vegas, NV Sunday morning (10/11).
Lucky Bingo Player Wins Nearly $200K at Okeechobee Florida Casino

Lucky Bingo Player Wins Nearly $200K at Okeechobee Florida Casino

The six-figure jackpot was awarded after the player completed the U Pick’em in 20 numbers or less. The jackpot has since been reset to $62,300.