In 2006, the tiny enclave of Macao overtook the Las Vegas strip in gambling revenues, earning nearly $7 billion and growing 22% year on year. The sleepy, former Portuguese colony, now part of China, is the only place on the mainland where the country’s gimlet-eyed players can satisfy their passion for gambling. Taking advantage of rising affluence and relaxed travel restrictions, Chinese stand three deep at Macao’s gaming tables, and are fast earning a reputation as the world’s highest rollers.
That’s great news for gaming companies like Las Vegas Sands and Wynn Resorts, which have already opened elaborate casinos in Macao. Other players looking to benefit are Melco which took its first bets on Apr. 28, and MGM Mirage, which will open the doors at its MGM Grand there before yearend.
Singapore will see the opening of two massive casinos by Las Vegas Sands and Genting International of Malaysia. Here’s a glimpse of how Asian’s casino scene is shaping up: