Betting on a New Gambling Boom in MacauBy
With Macau already far bigger than Las Vegas, how much more can the Chinese gambling hub grow? The Chinese economy may have gone through a rough patch, with gross domestic product growth falling below 8 percent last year, but Macau is still chugging along: The city, the only place in China with legalized casino gambling, generated $38 billion in gaming revenue last year. That’s six times more than Las Vegas casinos did and a 13.5 percent increase over 2011.
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