Middle Class Tourism Expands as VIP Marketplace Slows in Macau

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

Macau now thought to be the #1 gambling revenue locale worldwide has had another record year, with a $45 billion intake in 2013, a number that represents an 18.6 % jump through the year prior. And despite the fact that Las Vegas’ improvements from the 12 months before had been really 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 previous years’ growth ended up being largely attributed to the mega-wealthy Chinese whales who stumbled on the Chinese unique administrative district to play at opulent casinos such as the Venetian Macao or Galaxy Macau, the newest year’s upswing happens to be more thanks to the common guy, i.e., China’s middle class and their new access to your gambling kingdom that is neighboring.

Most credit with this influx of this masses goes to an ever-growing high-speed rail system, and a 38 billion yuan (US$6,216,291,171) connective bridge 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 brief trip travellers to come and spend their money at Macau’s casinos; brand new attractions rising in nearby Hengqin Island are assistin Continue reading “Middle Class Tourism Expands as VIP Marketplace Slows in Macau”