Macau Casinos Continue To Blast 2010 Revenue Records

In a normal world, the competition and domination that Macau casinos have exhibited to the Las vegas gaming industry would be considered a death blast. The reason that has not occurred is most of the casino owners in Las Vegas have built resorts in Macau, and are benefiting from the gaming boom in Asia.

In June, revenue jumped at Macau casinos by over fifty percent. Revenue at Macau casinos increased from $1.69 billion, to $2.59 billion. The billion dollar industry has now turned into a multi-billion dollar industry by the month.

"We believe that casino revenues will continue to be strong in 2011 despite challenging comparisons, and should likely continue to benefit from the recent introduction of new supply to the market," said Jefferies $ Co. Inc. Analyst David Katz, as reported by the Las Vegas Review-Journal.

Macau casinos have been building their gaming revenue for several years. Last year, for a brief period of time, the government in China placed visa restrictions on their mainland residents. Those restrictions were loosened shortly after, and the result was one of the largest gambling booms in the history of the casino industry.

Although the rest of the year has seen record revenue increases, according to the Wall Street Journal, the record increase in June of fifty-two percent, is the largest month-over month increase in the history of Macau. The growth has been so big, so fast, that current casino owners and the government have decided to halt all future expansion after the current wave of expansion is complete.

MGM Mirage, Las Vegas Sands, and Wynn Resorts all have gaming interests in Las Vegas and have seen revenue decrease over the past three years. The economic recession dealt a blow to all three companies' stock prices, but the success in Macau has once again given investors the security to back the gaming groups.

In 2010, revenue increased over the previous year by fifty-eight percent. This year, Macau casinos are expected to shatter that number, with revenue already increasing by forty-five percent in the first six months of 2011.

Meanwhile, back in the US, casinos are still struggling to bring customers back after the recession. Increased competition has been a driving force behind gambling hubs such as Las Vegas and Atlantic City experiencing lower than usual revenue figures.

Pennsylvania, Illinois, Iowa, New York, California, Florida, Maine, Maryland, and Delaware are just some of the dozens of states that have expanded their gambling options in the past couple of years.

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