Topics

Las Vegas Sands Corporation
Macau casinos outpace total U.S. market, rake in record take in 2013
Macau casinos outpace total U.S. market, rake in record take in 2013

Las Vegas is no longer the gambling capitol of the world. Not by a long shot. The tiny Chinese city of Macau reported a whopping $45 billion of gambling revenue in 2013, a figure analysts expect will be about seven times as much as casinos on the iconic Las Vegas Strip.  Strip casinos generated $6.2 billion of gambling revenues in 2012 and are on pace for a slight gain this year. Macau's nearly three dozen casinos raked in $4.2 billion in December, according to data released Thursday by the Gaming Inspection and Coordination Bureau, the gambling regulator. That brought revenue for 2013 to $45 billion, up 18.6% from 2012, the Associated Press reported. Macau's results...

Loading