Monday, September 03, 2007

It's about the gambling

Interesting statistic about the differences between the American and Chinese gambling public. While Macau recently passed Las Vegas in producing more gambling revenue, Las Vegas has over 7 TIMES as many hotel rooms, and is probably better know as an entertainment capitol these days than just as a gambling destination.

As the Chinese grow in affluence, will their appetite for the whole entertainment menu grow to outstrip their hunger for gambling?

Macao last year overtook Las Vegas in total gambling revenue, thanks to China's economic rise and passionate bettors like Wu. But although money from gambling makes up virtually all of Macao's tourist-related revenue, it makes up about half for Vegas, which has more than 130,000 hotel rooms versus about 17,000 in Macao.

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