Macau Slot Machines Competing for Vegas

More than 100,000 Americans visited Macau last year, with most of them coming over from Hong Kong. Much of this has to be attributed to the boom in slot machines and gambling that is going on. There are also more and more slot machine casinos seemingly opening every day.  There is craziness to Macau that seems reminiscent of an early Las Vegas, and many think they can eclipse Vegas at this stage due to their slot machine revenues alone.

Steve Wynn just opened a $1.2 billion resort in the country, which makes it the 22^nd slot machine casino to come to the area. Gambling and slot machines are nothing new to the area, although it is the only place in China that you can gamble legally. Stanley Ho had a monopoly on slot machine casino licenses until 2002 when the government started bringing people in to boost tourism by giving out licenses as well. The Sands Macau now claims to be the world’s largest casino, with 1,254 slot machines, and they have located it in Macau.

They are not alone, with slot machine casinos popping up everywhere. The MGM Grand opens next year, and many more slot machine casinos are still in the planning stages but they are coming. They already have their land picked out; it would seem that Macau may not have the same number of slot machines as Vegas, but they are coming up fast.

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