First Macau Passed Las Vegas, Now Asia Could Pass U.S. In Gambling Revenue
Macau has started something big in Asia. They began casino gambling on the other side of the world, and have now passed Las Vegas and is the leader in casino gambling revenue in the world.
The rest of Asia is also making strides in bringing high end casino resorts to the continent. As a result, Asia could pass the United States in casino gambling revenue by 2012, according to a new survey.
"The results...foretell a remarkable future for the Asian gaming market. There is no doubt this is an exciting time in Asia for the gaming industry," said Frank Fahrenkopf, President and CEO of the American Gaming Association.
While Asia is moving forward with their casino gambling expansion, the U.S. is doing the same. Many states have recently expanded their casino gambling laws. Others are in the process of doing so.
It used to be that gamblers from Asia would travel across the world to Las Vegas and receive five star service while they gambled. Now, Macau offers the same type of service as Las Vegas, and travelers do not need to go nearly as far.
While Asia might pass the U.S. in overall casino gambling revenue, American company's are also profiting from the Asian market. Several of the companies that have made Vegas what it is today, either has built, or is building, casino resorts in Macau.
June 4, 2008
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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