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Middle income Tourism Expands as VIP Marketplace Slows in Macau



Macau is pulling more of these types of Chinese tourists now, and less whales, as profits continue to skyrocket (Image: CNN.com)

Macau now thought to be the #1 gambling revenue locale in the world has had another record year, with a $45 billion intake in 2013, lots that represents an 18.6 % jump through the year prior. And despite the fact that Las Vegas’ improvements from the 12 months before were really a bit higher than this, percentage-wise, Macau continues to beat the American gambling mecca out by way of a seven-times-greater input yearly.

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But while previous years’ growth was mainly attributed to the mega-wealthy Chinese whales who found the Chinese special administrative district to play at opulent casinos such as the Venetian Macao or Galaxy Macau, the most recent year’s upswing has been more because of the common guy, i.e., China’s middle-income group and their new access to the gambling kingdom that is neighboring.

Most credit for this influx of the public goes to an ever-growing high-speed rail system, as well as 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 paid off access time to Macau. That reality, in turn, is enabling numerous more time and brief trip travellers to come and invest their funds at Macau’s casinos; new attractions increasing in nearby Hengqin Island are also helpi Continue reading