- The gambling industry prominently participated in the event, helping to bring some of the most notable exhibitions to Macau, and the city’s Cultural Affairs Bureau has claimed that more than 16 million of the 17 million visitors during that time period participated in the city-wide event.
- Jan 04, 2018 Macau's Grand Lisboa and other SJM Holdings properties will likely get a two year extension of its gaming concession during 2018. That will align its expiration date with the other concessionaires and leave Macau's next leadership team to decide what happens when casino licenses end.
- Chinese casino hub Macao’s elite choose new leader. 25, 2019timer1 min. MACAU - An elite pro-Beijing panel on Sunday chose a new leader for the Chinese casino gambling hub Macao. Ho Iat-seng was picked to be the next chief executive of the former Portuguese colony in a selection process with no other candidates.
- Chinese leader Xi visits gambling hub Macau as nearby Hong Kong seethes By Farah Master Tourists visit the Ruins of St. Paul's in Macau, China December 17, 2019, ahead of the 20th anniversary of the former Portuguese colony's return to China.
Oct 15, 2019 The odds are not in Macau’s favour even as the world’s casino hub considers opening a stock market to diversify economy. Plans are afoot to launch a stock exchange in the gambling hub.
In recent years, Asia has positioned as the largest betting market on the planet. The massive growth began in 2006, when the novel gaming industry in Macau overtook the Las Vegas Strip as the world's biggest gaming hub. According to Frank Fahrenkopf, president of the American Gaming Association, Macau now boasts a gaming market almost four times larger than Las Vegas casino and gaming industry. With about three dozen casinos, Macau raked in $23.5 billion in casino revenue last year. The figure is expected to grow by between 25% and 50% this year, said Fahrenkopf.
In 2010, Singapore emerged as Asia's new gambling destination after the opening of two resort casinos. After only one year of operations, the two resort casinos reported $5.1 billion in gaming revenues in 2010, and according to gaming experts, the sum is expected to increase to $6.4 billion this year. A report citing research by the Royal Bank of Scotland has suggested the revenue at Las Vegas casinos is expected to reach $6.2 billion this year.
'Now more than a year old, the two integrated resorts in Singapore have exceeded all expectations and turned the nation into Asia's second global gaming superpower. The country's gaming market will likely overtake Las Vegas as the world's second-largest gaming center as early as this year,' said Fahrenkopf in news conference held at the Global Gaming Expo Asia in Macau.
In 2010, Singapore emerged as Asia's new gambling destination after the opening of two resort casinos. After only one year of operations, the two resort casinos reported $5.1 billion in gaming revenues in 2010, and according to gaming experts, the sum is expected to increase to $6.4 billion this year. A report citing research by the Royal Bank of Scotland has suggested the revenue at Las Vegas casinos is expected to reach $6.2 billion this year.
'Now more than a year old, the two integrated resorts in Singapore have exceeded all expectations and turned the nation into Asia's second global gaming superpower. The country's gaming market will likely overtake Las Vegas as the world's second-largest gaming center as early as this year,' said Fahrenkopf in news conference held at the Global Gaming Expo Asia in Macau.
Gambling Hubs Of The World
Only a year after opening to general public, Singapore's casino and gaming industry is close to dethrone Las Vegas as the second-largest gambling industry in the world.