The gambling revenue in Macau is steadily rising thanks to new casinos that attract wealthy Chinese gamblers.
Macau has been the largest casino hub in the world for some years, but recent financial troubles had some casino experts wondering if Las Vegas would reclaim its spot at the top. That doesn’t appear to be the case, as the Macau gambling revenue is continuing to rise.
The positive casino gambling results have been a massive relief to the city, which relies almost entirely on the tourism and gambling industry. Newly opened casino resorts in 2016 have been a key factor in boosting the gambling revenue in Macau.
With the opening of the aforementioned casinos late in 2016, the Macau gambling industry has been thriving. In January alone, the revenue obtained through gambling (mostly through casinos) raised by 3.1% to $2.4 billion.
Now, Macau casino analysts are predicting the industry will continue to grow for the foreseeable future, and more US casino companies may start to consider opening up resorts inside the country. Whether players here will manage to see positive gambling results is an entirely different subject.