October 27, 2006

26-Oct-06. Macau supplants Las Vegas as top gambling location. Globe and Mail, B10.

Leisure industry consultancy Globalysis Ltd. estimates that casino revenues from Macao have now overtaken those of Las Vegas, Nevada. Gambling earning have boomed in Macau since 2001 when the government ended tycoon Stanley Ho’s 40-year monopoly on casinos in the city and allowed foreign operators. Growth has been fuelled by a rise in tourism from China.