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Middle income Tourism Expands as VIP Market Slows in Macau

 Middle income Tourism Expands as VIP Market Slows in Macau

Macau is pulling more of these kinds of Chinese tourists now, and fewer whales, as revenues continue to skyrocket (Image: CNN.com)

Macau now recognized as the #1 gambling revenue locale on earth has had another record year, with a $45 billion intake in 2013, a number that represents an 18.6 per cent jump from the year prior. And even though Las Vegas’ improvements from the 12 months before were actually a bit higher than this, percentage-wise, Macau continues to beat out the American gambling mecca by a seven-times-greater input yearly.

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But while past years’ growth had been largely attributed to the mega-wealthy Chinese whales who found the Chinese special administrative district to play at opulent casinos like the Venetian Macao or Galaxy Macau, the latest year’s upswing happens to be more as a result of the common guy, i.e., China’s middle-income group and their new access to your neighboring gambling kingdom.

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Most credit for this influx of this masses goes to an ever-growing rail that is high-speed, as well as a 38 billion yuan (US$6,216,291,171) connective connection that ties together Hong Kong, Macau and Zhuhai on China’s mainland, which has vastly paid off access time to Macau. That reality, in turn, is permitting many more time and brief trip travellers in the future and spend their cash at Macau’s gambling enterprises; brand new attractions increasing in nearby Hengqin Island are he Continue reading “Middle income Tourism Expands as VIP Market Slows in Macau”