Tuesday, January 23, 2007

Bloomberg.com: Macau > Las Vegas

"Macau's gaming revenue surged 22 percent in 2006, surpassing the Las Vegas Strip as the world's biggest casino market.
The Chinese city's gambling industry reaped 55.9 billion patacas ($6.95 billion) in revenue, according to the Web site of the industry regulator. Analysts estimate the Las Vegas Strip took in between $6.5 billion and $6.6 billion last year.
Macau's gambling revenue started to surge in 2004, when Sheldon Adelson's Las Vegas Sands Corp. and Galaxy Casino SA ended the four-decade monopoly of billionaire Stanley Ho. Foreign investors are staking $20 billion on making the city, a former Portuguese colony, into the gambling capital of Asia. "

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