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 types of Chinese tourists now, and less whales, as revenues continue to skyrocket (Image: CNN.com)

Macau now named the #1 gambling revenue locale on the planet has had another record year, with a $45 billion intake in 2013, a number that represents an 18.6 percent jump from the year prior. And despite the fact that Las Vegas’ improvements from the year before had been actually a bit higher than this, percentage-wise, Macau continues to beat the American gambling mecca out by a seven-times-greater input yearly.

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But while past years’ growth was largely attributed to the mega-wealthy Chinese whales who came to the Chinese unique administrative district to play at opulent casinos for instance the Venetian Macao or Galaxy Macau, the newest year’s upswing is more because of the common man, i.e., China’s middle income and their new access to the gambling kingdom that is neighboring.

Most credit with this influx of the public goes to an ever-growing rail that is high-speed, as well as 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 day and trip that is brief to come and invest their money at Macau’s casinos; new attractions increasing in nearby Hengqin Island are also assisting to draw larger crowContinue reading