Macau overtakes Las Vegas in casino revenues

26 October 2006

Macau, China, 26 Oct – The gross revenues from the gaming sector in Macau at the end of the third quarter of this year, exceeded those of Las Vegas by US$433 million, making the Chinese territory the world’s biggest gaming and gambling center, official figures showed.

According to the Macau Gaming Inspection and Coordination Bureau, gross revenues for gaming and gambling from casinos totaled some US$4.821 billion while Las Vegas casinos made US$4.388 billion in the same period.

With these figures, Macau has become the world’s main casino gambling center, despite the number of facilities being much lower than those in Las Vegas, which has over 200 casinos, while Macau has just 23, one of which opened last week.

The strong growth of Macau’s gaming sector has been driven by the number of tourists arriving in the territory, mainly from the Chinese mainland.

In 2005 revenues from the gambling sector totaled 44.725 billion patacas, while gaming revenues totaled 45.8 million patacas.

Macau has 23 casinos working 24 hours per day with a total of 2,620 casino tables and 5,615 slot machines.

Macau currently had seven new casino projects approved and/or under construction, which will go into operation by 2010. (macauhub)