ASIA—Gambling revenue in Macau rose 45% in April from a year earlier, as mainland Chinese visitors to the world’s largest gambling market helped push the results to a third straight monthly record. Wall Street Journal.
Posts Tagged ‘China’
Macau Gambling Revenue Surges 45%
Wednesday, May 4th, 2011Chinese man wakes up – minus his kidney
Thursday, March 31st, 2011CHINA- Last October Hu Jie became addicted to poker, gambling with friends, and soon lost almost $3,000. Under pressure from his creditors to pay back the high-interest debt, Hu came up with an idea of how he could get money quickly: sell his kidney. (This article really is about illegal organ transplant but desperate gamblers will [...]
Aging Macau billionaire Ho splits up gambling empire
Sunday, March 27th, 2011China- Ageing Macau gambling billionaire Stanley Ho has given up almost all his share in the casino empire he built up over five decades. BBC News.
Understanding Macau the Las Vegas of the East
Monday, March 14th, 2011CHINA- Macau’s growth has been beyond phenomenal. This year, the monthly revenue produced by its casinos is expected to grow by some $7 billion (which sum is the total monthly revenue of Las Vegas) to $30 billion. CLSA is predicting an annual revenue of $1 trillion in 2011, five times the size of Vegas. City Wire.
China’s gambling mecca now trumps Vegas
Monday, March 7th, 2011CHINA- Just seven years ago, the China-adminsitered island of Macau had just one casino. These days, as The Guardian points out, “Las Vegas is puny in comparison.” Macau’s gambling now surpasses the cash gambled in Vegas. It’s up to $23.5 billion and that’s up 60 percent from last year. Global Post and the Washington Post.
