Depending on how you measure it or which prognosticator you listen to, China still has somewhere between five and 12 years before it overtakes the United States as the world’s largest economy. When it comes to the economy of the gambling world though, China surpassed America seven years ago.
That’s when Macau, the Chinese territory that has become Asia’s gaming mecca, first posted higher gambling revenue than Sin City itself, edging out Las Vegas $6.95 billion to $6.5 billion. Macau hasn’t looked back; last year, it had gambling revenue of $38 billion, over six times the Vegas total.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
