Macau is the only place in China where gambling is legal, and they continue to crush the competition. Las Vegas was once known as the gambling capital of the world, but it’s rapidly becoming the gambling capital of North America. Macau has seen a rapid growth in revenue over 2009 with the top Las Vegas casinos opening up in Asia. Las Vegas experienced a loss of revenue due to the US financial crisis and the competition within the online casino industry.

The figures that were published recently have shown that Macau had a 69.4% increase in revenue in 2009. In February of 2010, Macau casino operators generated over $1.68 billion dollars. The chinese government has been cracking down on online gambling within China and that may be driving online gamblers to travel over to Macau to play their favorite casino games. Recently, the Chinese government cut down on the paperwork needed to enter Macau and made it alot easier for mainland residents to visit and play at the most popular casinos within Asia.

© Felicia for Casino News Authority, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: casinos, china, gambling, gambling capital, macau, online casinos

Feed enhanced by Better Feed from Ozh

The casino mogul, Stanley Ho, the father of Macau’s gambling industry
has been hospitalized in Hong Kong, according to local news reports.



The reports said that the 87 year old billionaire checked into the Hong Kong Adventist Hospital but their was no mention of why he was admitted. The Hong Kong’s Apple Daily newspaper featured photos of various family members visiting the hospital and they cited an unidentified source as saying that Stanley fell and hit his head last week and that he required brain surgery. The newspaper also mentioned that Ho is in stable condition within Adventist Hospital’s intensive care unit.



Stanley Ho is worth $9 billion according to Forbes magazine and he presided over Macau’s casino monopoly for over four decades which came to an end in 2002. He now owns approximately 30% of the gaming market in Macau with fierce competition from Wynn Resorts Ltd. and the Las Vegas Sands Corporation with casinos in Vegas.

© Monty for Casino News Authority, 2009. | Permalink | No comment | Add to del.icio.us
Post tags: casino mogul, macau, stanley ho

Feed enhanced by Better Feed from Ozh