Macau casino
17
03.2017

The Casinos in Macau financially healthy

By Sophie Couard

The casinos in Macau casinos are on a good course to regain some a good financial health after they were facing some difficulties following the anti-corruption policy from the Chinese government. The visiting masses are starting to compensate for the missing VIP players and make up most of the recorded growth.

The real capital of gambling of the world

Contrary to what many may think, Las Vegas is not the city with the most successful casino industry. Far from it, the city hasn't been performing well for a very long time and gambling revenues in Nevada have been surpassed by those of Singapore and Macau a long time ago.

The most important city of gambling is located in China in the semi-autonomous territory Macau, which is the only place on Chinese territory where gambling is allowed. The city has become a major player around 2010, when gambling revenues rose to four times than those of Las Vegas.

Growing difficulties from 2014

The reason why Macau surpassed its American 'twin' is mostly because of the economic crisis of 2007 that hit the casinos in Nevada very hard. The crisis also negatively affected the gaming industry in Atlantic City (and Donald Trump also played a significant role in this case), but it did not affect the industry in Macau.

The problems in the former Portuguese colony started well after its prime, in 2014 when President Xi Jinping decided to carry out a large anti-corruption campaign for Chinese state officials which prevented many of the high rollers from going to Macau to play and launder the money.

The VIP players were the reason why the casinos in the Chinese territory prospered and surpassed the casinos in Las Vegas, as they were not hesitant to pay exorbitant sums of money.

Despite the anti-corruption campaign, Macau remained the gambling capital of the world, but the casinos recorded a decline in growth because of the Chinese economic recession.

By Sophie Couard
By Sophie Couard - EDITOR

I am a great fan of gambling, I became a croupier to finance my studies. After my high school diploma in economic and social sciences , I obtained a bachelor's degree in economics and then a master in philosophy with a thesis on player behavior. After working in an online casino customer support, I became a writer on FeedBack Casino.