
China’s Only Legal Slot Machines
The small
island of Macau is
the only place in China where you can legally gamble and play the slot
machines. This small colony used to be barely a blip on the map – now
it is home to some of the largest slot machine casinos in the world,
as well as some of the biggest gamblers.
Macau is second only to
Las Vegas at this
point, and many think that they will take over Vegas this year in slot
machine and gambling revenue.
“Macau over the next few years is going to develop into something
unique and will neither be a replica of Las Vegas, Atlantic City or
Australian gaming," says Ciaran Carruthers, SVP of Galaxy Resort.
Most of the gamblers who come to play the slot machines are from
China, and as you walk around you can hear the dialects being spoken
around you – Fujian, Beijing, Shanghai – they are responsible for the
influx in slot machine revenue. The Grand Waldo is just opening now,
and it is the first casino to open on the Cotai Strip, and has 334
slot machines for the playing.
Las year Vegas brought in roughly $6.4 billion in slot machine and
gaming revenue; Macau brought in a little over $6 billion. Many
believe that at the rate the island is growing, their slot machine
revenue will be well over that figure this year. This year they will
see the opening of several more slot machine casinos including the
Venetian Macau from the Sand’s group. It will also be located on the
Cotai Strip.
"How Macau changes and develops will be very closely linked to the
change and development in China. Right now most of our [slot machine
and gambling] players are from the middle and lower classes in China,
and it is the ever growing middle class that will drive growth here,"
says Carruthers.
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