ÁSIA- For the first time since the liberalisation of the casino industry, a team of researchers from the Institute for the Study of Commercial Gaming at the University of Macau has analysed the social costs of gambling. Macau Business.
Posts Tagged ‘Macau’
Social cost of gaming rose by 163 percent from 2003 to 2007
Monday, May 9th, 2011Aging 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.
