Chinese High Rollers Spur 42% Growth In Macau’s Casino Revenue
Casino gambling revenue in Macau grew by 42 percent in 2011 to a record $33.47 billion, thanks to an ever-increasing flow of wealthy mainland Chinese who flock to the sole Chinese territory where casinos are allowed to operate.
The total revenue is believed to be about five to six times higher than what gamblers in either Singapore or Las Vegas were thought to have spent during the same period, with estimates by accounting firm PricewaterhouseCoopers claiming that the industry would be able to double its revenues within the next five years.
