Middle Class Tourism Expands as VIP Market Slows in Macau

 Middle Class Tourism Expands as VIP Market Slows in Macau

Macau is pulling more of these sorts of Chinese tourists now, and fewer whales, as revenues continue to skyrocket (Image: CNN.com)

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

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But while previous years’ growth ended up being mainly attributed to the mega-wealthy Chinese whales who found the Chinese special administrative district to play at opulent casinos including the Venetian Macao or Galaxy Macau, the newest year’s upswing was more because of the normal man, i.e., China’s middle-income group and their new access to the gambling kingdom that is neighboring.

Most credit with this influx regarding the masses goes to an ever-growing high-speed rail system, as well as a 38 billion yuan (US$6,216,291,171) connective connection that ties together Hong Kong, Macau and Zhuhai on China’s mainland, which has vastly paid down access time to Macau. That reality, in turn, is allowing for many more day and trip that is brief to come and invest their money at Macau’s casinos; new attractions going up in nearby Hengqin I […]