Topic: Sin City vs Gambling Capital - page 3. (Read 606 times)
Macau is a peninsula, which even has several cities. By the way, it is the most densely populated region in the world. Although it is a special administrative region of China, it has such a wide autonomy that it can be said without much exaggeration that it is actually a special small state within a state. This greatly distinguishes it from Las Vegas: Las Vegas is just a city in the USA. Therefore, it is hardly correct to compare a separate region of one country with a city of another country. Open sources mention that gambling establishments bring Macau 70% of its income, and tourism - 30% of its income. For such a small region, in my opinion, this is an ideal ratio.
and are there any cities you think can be a surprise to the gambling industry and could potentially threaten both Macau and Las Vegas?
Yes Osaka in japan when it will open its doors in 6 years (2030). The giant casino complex will be located on an artificial island in Osaka Bay, the Yumeshima island, and it will be the biggest casino complex of Asia and even maybe of the world. Japanese and inhabitants around are reputed for being big gamblers, way more than americans and europeans, so many people are likely to go there.If the best gambling place in the world is created then surely there will be crowd because gamblers are more attracted to gambling nowadays. But the Japanese would certainly make a gambling place for such a world record, and would be an interesting place for philosophers and gamblers, I think.
Most of us think of Las Vegas, the Sin City, when we hear gambling. Las Vegas is notoriously known for its extravagant casinos and crazy getaway experiences. There is a reason why the line 'what happens in Vegas, stays in vegas' exists in the first place. Basically, if you want to have a good time Las Vegas should be your number one.
But I feel like Las Vegas has overshadowed the real Gambling Capital of the world over the past few years. Unlike what most people think the Gambling capital of the world is not actually Las Vegas but Macau. They seem to have lost their spark in recent years, but they seem to be coming back to regain the throne. October’s GGR (gross gaming revenue) marks a 20.5% rise from September’s MOP 17.3 billion ($2.16 billion) and is up 6.6% year-on-year from October 2023.
Macau plans and expects to surprass the Sin city especially after high anticipated events like Super bowl and the Las Vegas Grand prix had passed.
I do think that these events contribute a lot to Las Vegas' GGR since they attract a lot of tourists. For Macau to gain on Las Vegas, what events do you see in the future that should be held or strongly promoted in Macau so that they can continue this momentum of gaining on Vegas? and are there any cities you think can be a surprise to the gambling industry and could potentially threaten both Macau and Las Vegas?
Let us discuss!
But I feel like Las Vegas has overshadowed the real Gambling Capital of the world over the past few years. Unlike what most people think the Gambling capital of the world is not actually Las Vegas but Macau. They seem to have lost their spark in recent years, but they seem to be coming back to regain the throne. October’s GGR (gross gaming revenue) marks a 20.5% rise from September’s MOP 17.3 billion ($2.16 billion) and is up 6.6% year-on-year from October 2023.
Macau plans and expects to surprass the Sin city especially after high anticipated events like Super bowl and the Las Vegas Grand prix had passed.
I do think that these events contribute a lot to Las Vegas' GGR since they attract a lot of tourists. For Macau to gain on Las Vegas, what events do you see in the future that should be held or strongly promoted in Macau so that they can continue this momentum of gaining on Vegas? and are there any cities you think can be a surprise to the gambling industry and could potentially threaten both Macau and Las Vegas?
Let us discuss!
Macau is a city entirely built on gambling. There were period when the Chinese government tried to influence its autonomous economical structure but as compared to Hong Kong which was more troublesome, Macau is smaller and more stable so they left it as it is. The number of citizens of Macau is 10 times less than Hong Kong and almost all of those people are rich. More than half of the people residing in Macau are temporary workers working in Casinos. This tells how big the casino economy is towards the nations.
The problem for Macau is the largest group of gamblers comes from China and Hong Kong. Though a good amount of tax goes to Chinese Government, but If China plans to discipline its citizens, Macau could again fall from the fame.
and are there any cities you think can be a surprise to the gambling industry and could potentially threaten both Macau and Las Vegas?
Yes Osaka in japan when it will open its doors in 6 years (2030). The giant casino complex will be located on an artificial island in Osaka Bay, the Yumeshima island, and it will be the biggest casino complex of Asia and even maybe of the world. Japanese and inhabitants around this country are reputed for being big gamblers, way more than americans and europeans, so many people are likely to go there. I don’t think that Macau and Las Vegas are competitors. They are on opposite sides of the planet. I don’t know what the exact statistics are or how you judge a winner, but I would assume that Macau has far more visitors and Vegas deals in far more money. I would also assume that Macau with its location closer to hundreds of millions of people will inevitably beat Vegas in every metric someday.
I don't know, but there could still be competition on this big cities, I mean they could be vying for big whales and gamblers to travel to them and spent millions per night to play on their casinos. So this casinos might have been paying other personalities as well to bring players to them.
The only difference I see is that Macau is country that really based everything on gambling itself, their revenues, their GDP.
And if I'm not mistaken, we already have a thread about Macau being the gambling capital. I'll try to dig it up later.
I don’t think that Macau and Las Vegas are competitors. They are on opposite sides of the planet. I don’t know what the exact statistics are or how you judge a winner, but I would assume that Macau has far more visitors and Vegas deals in far more money. I would also assume that Macau with its location closer to hundreds of millions of people will inevitably beat Vegas in every metric someday.
Let us put it this way, for most I believe, going to Macau may be cheaper than Vegas. Just look at the fact that if you are a foreigner going to Vegas, hard to get even tourist visa as compared to Macau. Macau is more open to more nationalities, hence, the chance of visiting this place is higher than Vegas. But consider also their respective locations. That is true, it is like they are located in the opposite side of the world, hence, both can get their respective visitors.
I don’t think that Macau and Las Vegas are competitors. They are on opposite sides of the planet. I don’t know what the exact statistics are or how you judge a winner, but I would assume that Macau has far more visitors and Vegas deals in far more money. I would also assume that Macau with its location closer to hundreds of millions of people will inevitably beat Vegas in every metric someday.
One of the resson Macau had such large gambling turnovers is because capital flight is forbidden in China, but they allow punters to export gambling winnings for some odd reason. And under Macau's special administration status it's the only place where gambling is allowed. So those in need to move vast amounts of cash abroad without the government getting too personal a out it, are lead to this loophole.
Otherwise Macau would have never become that big.
Otherwise Macau would have never become that big.
Well, that was not always the case. Las Vegas was number 1 until 2006, when Macau overtook it in revenue. In those years China was growing at double digits and other Asian countries experienced strong economic growth as well. But I think in fame and as iconic in films Las Vegas is more in the collective imagination.
Yeah mainstream media definitely has a play in how these cities are perceived.On top of my head, I can’t remember any movies set in Macau or any casinos there. There’s probably one out there maybe an action chinese film meanwhile there’s the famous Hangover and Ocean’s eleven which featured Las Vegas in their films. Not to mention tv shows such as hell’s kitchen of gordon ramsey which features the Vegas strip. American movies definitely reach more audience globally which makes it seem like Las Vegas is the peak gambling place.
Quote
I particularly hope in the future to go to Las Vegas but for the moment Macau is not in my plans.
I am guessing it depends where you are to decide which one of two is more attractive. Because since I am already in asia, Macau is a lot closer and therefore more realistic to go to first. 
Tourists might also be discomforted by China's authoritarian government and abuse of human rights. Expanding its visa and tax-free policies might attract more gamblers.
as far as I know, Macau's government is different from China's, I mean, while Macau is still under China, Macau's government has a lot of control over what goes on in Macau, it was made that way to make it more tourist-friendly compared to mainland China.Installing a democratically elected government in China will help in attracting more non-Chinese tourists/gamblers to Macau.
how so? Having a democratic government doesn't ensure that the government won't be authoritarian/act like an authoritarian or that human rights abuse will be reduced. Having a democratically elected government is the first litmus test for a country that respects human rights. Most democratically elected governments in the world are not authoritarian. Rigged or manipulated elections usually produce despots.
Tourists might also be discomforted by China's authoritarian government and abuse of human rights. Expanding its visa and tax-free policies might attract more gamblers.
as far as I know, Macau's government is different from China's, I mean, while Macau is still under China, Macau's government have a lot of control over what goes on in Macau, it was made that way to make it more tourist-friendly compared to mainland China.Installing a democratically elected government in China will help in attracting more non-Chinese tourists/gamblers to Macau.
how so? Having a democratic government doesn't ensure that the government won't be authoritarian/act like an authoritarian or that human rights abuse will be reduced. 
As per record it's Macau that is the gambling capital in the world as it's they are truly focus with gambling having 40% of their GDP are coming from the gambling industry, so you'll know they really are into it. However, although they are the gambling capital int he world but they are still connected to the Las Vergas since major gambling operators in las vegas are also dominating in this Macau, such as the following.
1- Las Vegas Sands Corp
2- Wynn Resorts:
3- MGM Resorts International
This is news to me, I've always thought that everything that concerns physical casinos and their glamour, that it's number one spot is Las Vegas. Didn't know that we have a casino capital of the world elsewhere that is not Las Vegas, I had to Google it now to be double sure. I guess Macau, must be something special to surpass Vegas, to maintain the number one spot. According to the Google search, Americans gambles the most, so it's ironic that Vegas, which is in America, with all it's glamour is number two. But we can't deny that when it comes to gambling, Las Vegas, is the most popular. If Macau, can beat Vegas, that is renowned for gambling, then perhaps another city in the world can step up to the challenge one day.1- Las Vegas Sands Corp
2- Wynn Resorts:
3- MGM Resorts International
With those the top 3 companies operating in Macau, it’s like Vegas brought the opportunity to Macau. Macau’s growth is largely due to having casino operators who are already seasoned and successful in Vegas. The debate about who holds the top spot isn’t really in question...ask most gamblers who haven’t visited either, and they’d likely choose Vegas over Macau for the ultimate gambling experience if given the chance.
I do think that these events contribute a lot to Las Vegas' GGR since they attract a lot of tourists. For Macau to gain on Las Vegas, what events do you see in the future that should be held or strongly promoted in Macau so that they can continue this momentum of gaining on Vegas? and are there any cities you think can be a surprise to the gambling industry and could potentially threaten both Macau and Las Vegas?
Let us discuss!
Apart from gambling, Las Vegas is a city that offers a variety of entertainment activities, such as world-class shows, nightclubs, concerts, and theme parks, which has attracted a lots of tourists into the city, which is obviously not the same when it comes to Macau, because inasmuch as Macau may be known to have luxurious casinos and hotels, I was made to understand that it's option for fun and attraction are limited, unlike Las Vegas that offers a wide range of fun-filled activities. So in regards to the question above, until Macau starts offering opportunities where gamblers could have the privilege to explode all means of fun-filled activities (i.e Night Clubbing & World Class Shows), they can never beat Las Vegas. Let us discuss!
But I feel like Las Vegas has overshadowed the real Gambling Capital of the world over the past few years. Unlike what most people think the Gambling capital of the world is not actually Las Vegas but Macau. They seem to have lost their spark in recent years, but they seem to be coming back to regain the throne.
Macau lost their place to Las Vegas because Las Vegas had good publicity and has been promoted properly by the media, packaged well as a city with excitement giving it the nickname of sin-city that has made tourists who are interested in gambling prefer to visit Las Vegas than Macau. Macau will have to do a big job at repackaging themselves in the media for the world to see, if they aim to steal back and get the attention of gamblers who are looking for a location to go for vacation. 
But I feel like Las Vegas has overshadowed the real Gambling Capital of the world over the past few years. Unlike what most people think the Gambling capital of the world is not actually Las Vegas but Macau. They seem to have lost their spark in recent years, but they seem to be coming back to regain the throne. October’s GGR (gross gaming revenue) marks a 20.5% rise from September’s MOP 17.3 billion ($2.16 billion) and is up 6.6% year-on-year from October 2023.
Macau plans and expects to surprass the Sin city especially after high anticipated events like Super bowl and the Las Vegas Grand prix had passed.
I do think that these events contribute a lot to Las Vegas' GGR since they attract a lot of tourists. For Macau to gain on Las Vegas, what events do you see in the future that should be held or strongly promoted in Macau so that they can continue this momentum of gaining on Vegas? and are there any cities you think can be a surprise to the gambling industry and could potentially threaten both Macau and Las Vegas?
Let us discuss!
I think you may be correct. I mean what I have heard about Las Vegas when compared to Macau characteristics and features are different. What have I heard? Well I have heard that in Las Vegas although folks go there to gamble, they also go there have a good time, drink, hang out with friends party and the rest of them which is why the popular saying goes, "What happens in Vegas, stays in Vegas". When compared to Macau, I have heard that gambling is a serious business. Making money via gambling. Unlike like Vegas, it is strictly for gambling purposes - no fun parties, clubbing and the likes. No wonder I have yet to hear, "what happens in Macau, stays in Macua". If there is any saying like this please let me know. Macau plans and expects to surprass the Sin city especially after high anticipated events like Super bowl and the Las Vegas Grand prix had passed.
I do think that these events contribute a lot to Las Vegas' GGR since they attract a lot of tourists. For Macau to gain on Las Vegas, what events do you see in the future that should be held or strongly promoted in Macau so that they can continue this momentum of gaining on Vegas? and are there any cities you think can be a surprise to the gambling industry and could potentially threaten both Macau and Las Vegas?
Let us discuss!
As per record it's Macau that is the gambling capital in the world as it's they are truly focus with gambling having 40% of their GDP are coming from the gambling industry, so you'll know they really are into it. However, although they are the gambling capital int he world but they are still connected to the Las Vergas since major gambling operators in las vegas are also dominating in this Macau, such as the following.
1- Las Vegas Sands Corp
2- Wynn Resorts:
3- MGM Resorts International
This is news to me, I've always thought that everything that concerns physical casinos and their glamour, that it's number one spot is Las Vegas. Didn't know that we have a casino capital of the world elsewhere that is not Las Vegas, I had to Google it now to be double sure. I guess Macau, must be something special to surpass Vegas, to maintain the number one spot. According to the Google search, Americans gambles the most, so it's ironic that Vegas, which is in America, with all it's glamour is number two. But we can't deny that when it comes to gambling, Las Vegas, is the most popular. If Macau, can beat Vegas, that is renowned for gambling, then perhaps another city in the world can step up to the challenge one day. 1- Las Vegas Sands Corp
2- Wynn Resorts:
3- MGM Resorts International
Well, that was not always the case. Las Vegas was number 1 until 2006, when Macau overtook it in revenue. In those years China was growing at double digits and other Asian countries experienced strong economic growth as well. But I think in fame and as iconic in films Las Vegas is more in the collective imagination. I particularly hope in the future to go to Las Vegas but for the moment Macau is not in my plans.
Those numbers show Macau beating Vegas in revenue, but when it comes to popularity, Vegas will always be number one, no doubt. I think the reason Macau has grown so much is that gambling is illegal in China. When laws like that exist, people often find ways to gamble, which boosts interest in it. There are definitely a lot of high rollers in Macau, but I believe it's the sheer number of gamblers that pushed them to the top spot in terms of revenue.legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
Well, that was not always the case. Las Vegas was number 1 until 2006, when Macau overtook it in revenue. In those years China was growing at double digits and other Asian countries experienced strong economic growth as well. But I think in fame and as iconic in films Las Vegas is more in the collective imagination. I particularly hope in the future to go to Las Vegas but for the moment Macau is not in my plans.
As per record it's Macau that is the gambling capital in the world as it's they are truly focus with gambling having 40% of their GDP are coming from the gambling industry, so you'll know they really are into it. However, although they are the gambling capital int he world but they are still connected to the Las Vergas since major gambling operators in las vegas are also dominating in this Macau, such as the following.
1- Las Vegas Sands Corp
2- Wynn Resorts:
3- MGM Resorts International
1- Las Vegas Sands Corp
2- Wynn Resorts:
3- MGM Resorts International
For Macau to gain on Las Vegas, what events do you see in the future that should be held or strongly promoted in Macau so that they can continue this momentum of gaining on Vegas?
I think more tourist incentives and that's going to make them more friendly to them because it means that there will be more money to come in for gambling. If they will give a lot of incentives and benefits for the tourists, no doubt that they might surpass Las Vegas with both of their gambling industries.and are there any cities you think can be a surprise to the gambling industry and could potentially threaten both Macau and Las Vegas?
Let us discuss!
I cannot think of any other country that has loosened rules from their government to cater more tourists and people into gambling. Maybe somewhere in South Asia as well? Can Japan be on that list because AFAIK, many of their citizens are also into gambling and going into gaming centers as part of their living. Let us discuss!
Jump to: