THE glitzy gaming market in Macau could total up to a staggering US$50 billion (MOP400 billion) by 2017. According to a report in macaubusiness.com and Jim Murren, the co-chairman of MGM China Holdings Ltd. the resort could race well ahead of Las Vegas. It would also symbolize a yearly increase of 7%.
The macaubusiness.com reported: “For the whole of last year, local casinos recorded total gross gaming revenue of MOP268 billion, up by 42 percent. For the first two months of 2012, Macau’s casinos reported gross gaming revenue of MOP49 billion, up by 28 percent. In an interview with CNBC, Mr Murren said the Macau gaming market is already worth MOP280 billion.”
Will Macau casinos continue to crush their competitors?
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