The rise of the low-rollers
Although it has a growing number of rivals, Macau, the world’s casino capital, is set for a new boom
“THE Las Vegas of the Far East” is how Sheldon Adelson, an American gambling magnate and boss of the Las Vegas Sands Corporation, has long described Macau. A decade ago, when Sin City was king and the tiny Chinese territory was still a backwater, such a claim would have been laughably implausible. Today, it is an insult to Macau. Its casinos’ turnover last year, of $38 billion, was more than six times the Las Vegas strip’s takings. With vast numbers of Chinese consumers now finding they have the money to indulge their passion for gambling, Macau’s baccarat tables are busier than ever.
This article appeared in the Business section of the print edition under the headline “The rise of the low-rollers”
From the September 7th 2013 edition
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