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Middle Class Tourism Expands as VIP Market Slows in Macau

 Middle Class Tourism Expands as VIP Market Slows in Macau

Macau is pulling more of these kinds of Chinese tourists now, and fewer whales, as revenues continue to skyrocket (Image: CNN.com)

Macau now thought to be the #1 gambling revenue locale on earth has had another record year, with a $45 billion intake in 2013, a number that represents an 18.6 per cent jump through the year prior. And even though Las Vegas’ improvements from the 12 months before had been really a bit higher than this, percentage-wise, Macau continues to beat down the United states gambling mecca by a seven-times-greater input annually.

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But while previous years’ growth was mostly attributed to the mega-wealthy Chinese whales who came to the Chinese unique administrative district to play at opulent casinos such as the Venetian Macao or Galaxy Macau, the most recent year’s upswing happens to be more thanks to the common man, i.e., China’s middle class and their new access to your neighboring gambling kingdom.

Most credit because of this influx of the public goes to an ever-growing rail that is high-speed, and a 38 billion yuan (US$6,216,291,171) connective connection that ties together Hong Kong, Macau and Zhuhai on China’s mainland, which has vastly paid down access time to Macau. That reality, in turn, is permitting many more time and trip that is brief to come and spend their funds at Macau’s casinos; brand new attractions going up in nearby Hengqin Island will also be helping t Continue reading