Sin City vs Gambling Capital | Bitcointalksearch.org

ethereumhunter

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Quote from: Maslate on November 09, 2024, 01:44:00 AM

Quote from: danherbias07 on November 09, 2024, 01:23:37 AM

If I am going to do it, I want to bring a deep wallet so I can enjoy it more for maybe 3 days or a week of vacation.

Aside from that, you also need discipline so you don't blow through your money. You could lose it all in just a few hours because these are big casinos, and of course, the limits are high. If you're going there for a vacation, just focus on the nice sights, maybe check out the bars, or enjoy some drinks, but keep your gambling limited, especially since it's not the main reason you're there. We won't really win in that situation anyway.

Having discipline is a must to have for every people because only with that can prevents them from using too much money. Discipline can makes him manage his time to playing gambling and do other things and enjoy his vacation. That will be better than just spends his time to playing gambling too long and not going to go to other exciting place in that city.

Our reason to go for a vacation is we want to enjoy our spare time with our beloved one and spends more time with them. We can go to the casino but we must reminds the time to stop gambling so we can do other thing and enjoy our vacation.

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Quote from: freedomgo on November 08, 2024, 11:41:21 PM

Quote from: Kemarit on November 08, 2024, 10:55:15 PM

Gambling operators are everywhere, so it's not just in Vegas obviously. Look at Resort World, it is being handled by Genting Group and they have one in Singapore and the Philippines. So it's the same face and financial backers everywhere, from Vegas to Macau and any other parts of the world.

It’s true - they're everywhere, as long as the country’s laws are gambling-friendly. We even had POGOs here in the Philippines, which could’ve been huge, but they got banned. It’s a shame, we could've earned billions from that, but it just wasn’t managed properly by the regulators. But in OP's comparison, it really looks like it’s just Vegas and Macau on top, and I don’t think anyone can beat them, they’re gonna stay the leaders in the global gambling industry. It’s kind of like a tourist destination too, which is why more people keep going. But still, a big portion or even the majority is in online betting.

That's one of the place that I frequented before, RW in Manila, but I don't know. When Solaire and City of Dreams was put in the casino to rival RW, then that's where I'm regularly play right now when I want to unwind and go with my friends and to enjoy.

But definitely, it's very different if you play in Vegas as they are just very close proximity and there are a lot of people like every night as they are the gambling capital. As for Macau, I haven't been there. But I'm looking to play maybe next year and go for a vacation there just to experience it.

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Quote from: danherbias07 on November 09, 2024, 01:23:37 AM

If I am going to do it, I want to bring a deep wallet so I can enjoy it more for maybe 3 days or a week of vacation.

Aside from that, you also need discipline so you don't blow through your money. You could lose it all in just a few hours because these are big casinos, and of course, the limits are high. If you're going there for a vacation, just focus on the nice sights, maybe check out the bars, or enjoy some drinks, but keep your gambling limited, especially since it's not the main reason you're there. We won't really win in that situation anyway.

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Quote from: kotajikikox on November 04, 2024, 01:44:03 AM

It allows you to bond with your friends and families and even meet new people compared to just being stuck at home. I have no problem with gambling online but if you have the extra money, why not experience what's it's like to play in a physical casino.

Oh yeah, that's one good reason too. Anyone who had been playing online inside the house must be itchy to go out and play outside. I am. But, the thick wall that had been preventing me from taking a tour at well-known hotels and casinos is the money. If I am going to do it, I want to bring a deep wallet so I can enjoy it more for maybe 3 days or a week of vacation.
You are right, it's the luxurious feeling that makes the difference and maybe an escape for those who have been stuck at home for a long time. It can also be a new experience for gamblers who have never tried playing in traditional casinos, especially in Macau.

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Quote from: Kemarit on November 08, 2024, 10:55:15 PM

Gambling operators are everywhere, so it's not just in Vegas obviously. Look at Resort World, it is being handled by Genting Group and they have one in Singapore and the Philippines. So it's the same face and financial backers everywhere, from Vegas to Macau and any other parts of the world.

It’s true - they're everywhere, as long as the country’s laws are gambling-friendly. We even had POGOs here in the Philippines, which could’ve been huge, but they got banned. It’s a shame, we could've earned billions from that, but it just wasn’t managed properly by the regulators. But in OP's comparison, it really looks like it’s just Vegas and Macau on top, and I don’t think anyone can beat them, they’re gonna stay the leaders in the global gambling industry. It’s kind of like a tourist destination too, which is why more people keep going. But still, a big portion or even the majority is in online betting.

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Quote from: Botnake on November 08, 2024, 08:02:35 AM

Quote from: Questat on November 08, 2024, 07:00:31 AM

I believe it's a real challenge if major operators in Macau are not the same major operators of Vegas.

That's what I posted here,

Quote from: Botnake on November 02, 2024, 09:22:43 AM

1- Las Vegas Sands Corp
2- Wynn Resorts:
3- MGM Resorts International

The big three casinos that are dominating Vegas are the same ones running the show in Macau. They’re just expanding their business. And even if their operations in Macau somehow end up bigger than in Vegas (which I doubt), they’re not really losing anything- it’s still all theirs anyway.

Gambling operators are everywhere, so it's not just in Vegas obviously. Look at Resort World, it is being handled by Genting Group and they have one in Singapore and the Philippines. So it's the same face and financial backers everywhere, from Vegas to Macau and any other parts of the world.

So it's already huge in Macau and it is just one country that really benefited from gambling itself. And if others are interested, you can read a good thread about Macau and other countries by @avikz.

How gambling can effect the economy of a country [Part 1 - USA]
How gambling can effect the economy of a country [Part 2 - Macau]

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For me Las Vegas is a standard that has been set for almost everyone since we were kids, from its movies to all the articles and everything it can mean, without a doubt Macaro is another reference, but to be honest for me it is difficult for them to dethrone them, even so, I would like to one day know Las Vegas and play there in those gigantic casinos, I have only seen them on TV, really the people who live in the USA are very privileged by this beautiful country with so many good distractions that it has, for me it is not the capital of sin, sin is anyone who wants to make it seem like a sin, I would say that you have to have a lot of control both in Vegas and in Macao, but even so , in any casino you can easily lose control.

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Quote from: Questat on November 08, 2024, 07:00:31 AM

I believe it's a real challenge if major operators in Macau are not the same major operators of Vegas.

That's what I posted here,

Quote from: Botnake on November 02, 2024, 09:22:43 AM

1- Las Vegas Sands Corp
2- Wynn Resorts:
3- MGM Resorts International

The big three casinos that are dominating Vegas are the same ones running the show in Macau. They’re just expanding their business. And even if their operations in Macau somehow end up bigger than in Vegas (which I doubt), they’re not really losing anything- it’s still all theirs anyway.

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Quote from: TravelMug on November 08, 2024, 06:42:02 AM

It's not Muslim dominated continent if I'm not mistaken, that's why thee are a lot of gamblers, from China obviously as Macau is one of their territory. I haven't check their history though but it could be that Chinese allow the Macau government to have casinos for their people but then it flourish to become the gambling capital now as there are a lot of whales who goes to that country just to gamble.

No, even though Macau is technically under China's sovereignty, they’ve got the autonomy to make their own laws just as long as it doesn’t go against China's basic law. That doesn’t include gambling being illegal, so they’re pretty much independent from mainland China when it comes to that. This is why Macau has the freedom to become the big gambling capital of the world while still respecting China's basic laws. There's no real clash between Macau and mainland China, they actually support each other in this setup.

Quote from: TravelMug on November 08, 2024, 06:42:02 AM

And it was reported as well that Macau has already recovered from the effect on Covid and obviously gambling is still going to be big for them. So it likely that they are really challenging Las Vegas for being a sin City or a Gambling Capital moving forward.

I believe it's a real challenge if major operators in Macau are not the same major operators of Vegas.

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Quote from: Sanitough on November 06, 2024, 07:36:42 AM

Quote from: Dave1 on November 05, 2024, 06:09:28 AM

So I guess Asian are really known to be gamblers, specially that they have their own version of Gambling capital which is Macau.

This idea is shaped by cultural influence, but assuming all Asians are gamblers is just wrong. In fact, many Asian countries ban gambling because it goes against their teachings, especially in Muslim-majority countries with Islamic beliefs, like Afghanistan, Indonesia, and Bangladesh.

It's not Muslim dominated continent if I'm not mistaken, that's why thee are a lot of gamblers, from China obviously as Macau is one of their territory. I haven't check their history though but it could be that Chinese allow the Macau government to have casinos for their people but then it flourish to become the gambling capital now as there are a lot of whales who goes to that country just to gamble.

And it was reported as well that Macau has already recovered from the effect on Covid and obviously gambling is still going to be big for them. So it likely that they are really challenging Las Vegas for being a sin City or a Gambling Capital moving forward.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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?

They should continue doing what they are already doing; they are still the gambling capital of the world and continue to be so. When your source of income is only the casino industry, then the only way is to strengthen the tourism and to offer incentives to casino operators, so when a gambler thinks of a good place to relax and gamble, Macau will be the first in any gambler's thoughts than Las Vegas.

This stat will not lie why Macau is still the most preferred gambling hub in the world

Gambling in Macau

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Whether Sin City wins or Gambling Capital claims victory, it doesn’t really do much on a larger scale because many people are already knowledgeable about which they would probably want to play. If they really want to improve their standings, maybe they could add more entertainment, not just gambling but music festivals, gaming events, sports events, and other themed things.

There are also different cities that are known right now or are up-and-coming, like Singapore, where tourism and gambling could be a thing, but I don’t know what the GGR would be.

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Quote from: Lucius on November 04, 2024, 04:13:40 AM

Quote from: stompix on November 03, 2024, 09:16:20 AM

~

Looking at how they behave, I doubt that even 1% is capable or ready to go out of the framework set by the CP. Although I somewhat understand that it is not easy to go against such a government, considering how the communists deal with those who think differently.

They always had a supreme ruler, either the emperor, a local warlord, the CCP, to be honest, I don't think democracy would be a good thing for them if introduced abruptly, it might end worse than what they have now, we can look at how it has worked when there was no framework laid before like in Africa and I can say for sure nobody is thrilled by those results.

Quote from: Lucius on November 04, 2024, 04:13:40 AM

The Chinese can be somewhat happy that they have areas like Hong Kong or Macau where they can at least somewhat pretend that they have some rights - if nothing else, at least to gamble and invest in cryptocurrencies.

I'm sure the Chinese have a saying for that too but the I'll stick to the known expression: " panem et circenses".
Allow them some freedom so they don't see how little freedom they actually have.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

~snip~

I've never been to Las Vegas or Macau, but I've heard a lot about these places. China has been developing very fast in recent decades compared to other countries and I am sure that they can become leaders in gambling. What will it take? - Invest money wisely. And as we all know the Chinese know how to do it. I will not be surprised if in 5-10 years Macau will be considered the most visited place for gambling fans. At least if I had a choice of where to go I would prefer Macau to Las Vegas.

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I have only heard the name of the city of sin, in my country there is no legalized gambling at all, most gambling activities are carried out illegally, I really want to enter the city of sin like Macau or Las Vegas, but that is impossible, because I think there will be no small money there

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I would imagine this would be solely based off of how many citizens are in China. I can tell you that China is not a very popular vacation destination, especially when it comes to going and trying to win money. People fear the Chinese government, straight up.

Vegas as lost a lot of it's luster to US citizens for quite some time now as it's overly expensive and not a lot of change happens ( the Sphere is a big deal now though, I really want to check it out).

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The fact is that Vegas is more recognizable and advertised about him probably all thanks to the films. I think and many would like to eat there at least once. What to concern Macau, then he still earns more and there is more money there, all the same asia The population density there is much larger from here and numbers. I would not put them as two competitive groups since these are two completely different mental worlds, although the games are the same.

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Quote from: Dave1 on November 05, 2024, 06:09:28 AM

So I guess Asian are really known to be gamblers, specially that they have their own version of Gambling capital which is Macau.

This idea is shaped by cultural influence, but assuming all Asians are gamblers is just wrong. In fact, many Asian countries ban gambling because it goes against their teachings, especially in Muslim-majority countries with Islamic beliefs, like Afghanistan, Indonesia, and Bangladesh.

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Quote from: danherbias07 on November 03, 2024, 09:37:20 AM

I thought you were going to say that the Internet is now the gambling capital of the world. Why? Because most gamblers now are just gambling online rather than paying for an expensive physical casino gambling place. If that's the case, then reputable gambling sites where they are licensed must have the most profits out of it.

Anyway, I still believe Las Vegas is a well-known place when it comes to casinos. I think it had been drilled to the head of many people although the numbers would not say that anymore. Well, since the population is higher in Asia, Macau will definitely have the highest profits and I think that will keep on going for many years.

But still though, there are a lot of gamblers flocking those brick and mortar casinos. I went just last night, and I observed that there are a lot of players and almost all the table are loaded with players and only few is not occupied.

And in Asia, I know that there are the Chinese and the Japanese still playing in land base casinos. Again, just last night, I saw this nationalities sitting on most table. So I guess Asian are really known to be gamblers, specially that they have their own version of Gambling capital which is Macau.

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Quote from: stompix on November 03, 2024, 09:16:20 AM

Quote from: Fiatless on November 02, 2024, 08:49:57 AM

Installing a democratically elected government in China will help in attracting more non-Chinese tourists/gamblers to Macau.

Yup good luck with that, now for a bit of Trivia, China has never had true elections in its entire history, do you think it will happen now or at least this century? I don't even know if Chinese people can even grasp the concept of actually electing their rulers.

Looking at how they behave, I doubt that even 1% is capable or ready to go out of the framework set by the CP. Although I somewhat understand that it is not easy to go against such a government, considering how the communists deal with those who think differently. The Chinese can be somewhat happy that they have areas like Hong Kong or Macau where they can at least somewhat pretend that they have some rights - if nothing else, at least to gamble and invest in cryptocurrencies.

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Quote from: danherbias07 on November 03, 2024, 09:37:20 AM

I thought you were going to say that the Internet is now the gambling capital of the world. Why? Because most gamblers now are just gambling online rather than paying for an expensive physical casino gambling place. If that's the case, then reputable gambling sites where they are licensed must have the most profits out of it.

Lol you are not wrong. But let us not discount physical casinos because it is not just the gambling that you are paying for but the atmosphere and the entire experience as well. I am sure that gambling in Las Vegas or in Macau is hardly the same as gambling in your pajamas at your own house. Sometimes we want to experience luxury as well and that includes gambling in these physical casinos.

It allows you to bond with your friends and families and even meet new people compared to just being stuck at home. I have no problem with gambling online but if you have the extra money, why not experience what's it's like to play in a physical casino.

Quote

Anyway, I still believe Las Vegas is a well-known place when it comes to casinos. I think it had been drilled to the head of many people although the numbers would not say that anymore. Well, since the population is higher in Asia, Macau will definitely have the highest profits and I think that will keep on going for many years.

We'd have to see because tourists are also a huge part of their profits. Will Macau be able to keep their momentum? and will Vegas pale in comparison? Time can only tell, I guess.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

~~~

Let us discuss!

Exactly!

The US may be more famous because Las Vegas casinos are more accessible to tourists and there is more marketing around it, but the real gambling capital is Macau.

Casinos are one of the biggest sources of income for the Chinese government, which is why Macau once made over 80% of its revenue from casinos alone, but this was only possible after they started investing in Chinese properties and competing for casino licenses, which was the reason behind this massive change as in the past there was only one company with a license to operate casinos.

Macau has also invested heavily in construction and land reclamation projects, since Macau was originally just a peninsula and a few islands. Macau has grown from 12 square kilometers to almost 30 square kilometers... so much so that new land connecting Taipa and Coloane accommodates large casino resorts.

Macau is definitely one of my travel destinations.

danherbias07

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I thought you were going to say that the Internet is now the gambling capital of the world. Why? Because most gamblers now are just gambling online rather than paying for an expensive physical casino gambling place. If that's the case, then reputable gambling sites where they are licensed must have the most profits out of it.

Anyway, I still believe Las Vegas is a well-known place when it comes to casinos. I think it had been drilled to the head of many people although the numbers would not say that anymore. Well, since the population is higher in Asia, Macau will definitely have the highest profits and I think that will keep on going for many years.

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Quote from: GxSTxV on November 03, 2024, 08:41:20 AM

Events are huge for Vegas numbers, like the great events they have drawing in many of tourists. If Macau could host some major events, like international poker tournaments or even big cultural festivals, it could really gain more popularity.

Where are you going to cram all that?
Macau is only 30 sqkm in total, just the city of Las Vegas is ten times larger, not counting the metro region.
Las Vegas is not just a casino, it has golf courses, tens of sports fields, racetracks, and of course the Sphere! Macau's only advantage is that China bans gambling in the rest of the country, if they would allow casinos elsewhere like the US does Macau will be dead in a year.

Quote from: Fiatless on November 02, 2024, 08:49:57 AM

Installing a democratically elected government in China will help in attracting more non-Chinese tourists/gamblers to Macau.

Yup good luck with that, now for a bit of Trivia, China has never had true elections in its entire history, do you think it will happen now or at least this century? I don't even know if Chinese people can even grasp the concept of actually electing their rulers.

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Quote from: Fiatless on November 02, 2024, 08:49:57 AM

Macau's location and political affiliations might limit the growth of the gambling business. The country is a special administrative region of China, and many people will not be comfortable there. The Chinese government's tight societal regulations might discourage foreign travellers from China. 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. Installing a democratically elected government in China will help in attracting more non-Chinese tourists/gamblers to Macau.
~snip~

I don't know how you even imagine that a democratically elected government could happen in China - first you would have to get rid of the communist party, which controls practically every Chinese and which obviously doesn't mind if it continues like that. However, Macao as such obviously does not bother visitors from Asia and in my opinion there is no reason to make comparisons with Las Vegas, which is the destination of people who want to have fun, and they come from the West.

Even if China becomes a democratic country, does anyone think that people from Canada, UK or Europe would go to gamble in China instead of Las Vegas? Of course, most people who go to the US go to see a lot more than Las Vegas, so that should be taken into account.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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?

Macau is already the most influent administrative region of the world in gambling matters, but they seem to not be too concerned about maintaining their position in the near future:

Macau, the casino capital of the world, wants to bet on a different economic future before it goes bust

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The local government and Ms Lei want Macau to bet on a different future before it goes bust.

"If another COVID hits, boom, we're gone," Ms Lei said.

Besides the pandemic factor, they also know the world is changing fastly with accessible internet and online betting, so the tendency is that gambling becomes more popular on the virtual environment, while the physical casinos lose traction inside the industry. Naturally, Macau can't put all their tickets on gambling thinking on the economical sustainability of their region.

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Meanwhile, the six multinational casino companies that dominate the economy agreed to invest billions into Macau as a condition of renewing their operating licences.

With such investments, Macau can invest in infrastructure in order to boost another sectors of the society to the next level, becoming less dependent on gambling along the following years. They claim to be focused on financial services, top notch technology, education and TCM, besides tourism.

GxSTxV

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Well, I recently talked about Macau with a friend, which is known to be a great place for casinos. I got pretty excited researching it and even checked out the visa process and turns out we have an open visitor visa, so I will most likely make time for a vacation there soon, especially if someone here tried it before and recommended it.
As for this topic, I totally agree with you, Macau often gets overshadowed by Vegas in people’s minds as they do for many famous placed over the world. Vegas has built up this wild reputation as the go to spot for a crazy time, which is why that what happens in Vegas… . But Macau has been the real deacent place in terms of gaming revenue. With its recent comeback, especially with that 20.5% rise in October’s GGR, it seems like they are on the right path to gaining back their status.

Events are huge for Vegas numbers, like the great events they have drawing in many of tourists. If Macau could host some major events, like international poker tournaments or even big cultural festivals, it could really gain more popularity. Also, I think places like Singapore and maybe Dubai, if they fix their gambling rules, they can become serious competitors.

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I have read a lot about Macau and dream of visiting it. It is truly a gambling mecca (if this comparison is correct).

Some members of the Bitcointalk forum compare Macau to Las Vegas (Sin City). However, this is like arguing about what came first - the chicken or the egg. Maybe Las Vegas imitates Macau (and not the other way around). The Chinese are probably the most gambling people on our planet.

Therefore, the casinos of Macau are amazing.

I dream of visiting casinos such as Oceanus, Legend Palace Hotel Casino, Sands on Largo de Monte Carlo, Rio on Rua de Luis Gonzaga Gomez, 33, Babylon, Casa Real Hotel & Casino Macau, Waldo Casino & Hotel on Avenue D'Amizade and many other legendary casinos of Macau.

I hope that in the future I will realize this dream of mine.

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There are no need to competes between one gambling city to another because they have different things. What they can do is just trying to attract more attentions from the gamblers by giving them exciting promotions.
Each gambler have their own reason why they visit Macau or Vegas and if they are a gambler, they can have a plan to visit on both. The important from the business industry is how the casino can give much promotions to their gambler so they will be back to the casino and spends their money.
Maybe sooner or later some country or city will announce their physical casino because that will depends on how gambling permission in their country. If the government allow gambling, they will push the promotion to invite many gamblers to comes to their country.

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Quote from: Findingnemo on November 03, 2024, 07:26:01 AM

Macau is in China and we all know it's not a country where people doesn't really like to visit compared to Last Vegas and Asia is more conservative towards gambling which might be another reason. Vegas is not only famous for Gambling but also tourism across the world and it's becoming a must visit place in everyone's life.

That is backed by data...

https://vegasprimer.com/las-vegas-visitor-numbers/

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Here are the visitor growth statistics over the past 9 years:

2023: 40,829,900 (+5.15%)
2022: 38,829,300 (+20.47%)
2021: 32,230,600 (69.36%)
2020: 19,031,003 (-55.25%)
2019: 42,524,000 (0.97%)
2018: 42,116,900 (-0.23%)
2017: 42,214,100 (-1.68%)
2016: 42,936,100 (1.47%)
2015: 42,312,216 (2.88%)
2014: 41,126,512

The significant drop in 2020 was likely due to COVID-19 restrictions, but now that those are lifted, things are back to normal, and numbers will keep rising year by year. While Macau does get over 30 million tourists, which is impressive, it still doesn’t surpass Las Vegas.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

and are there any cities you think can be a surprise to the gambling industry and could potentially threaten both Macau and Las Vegas?

In fact, gambling houses, if you look at history throughout time, are in Venice, Italy, the gambling houses there are the oldest gambling houses and to this day, were founded if I'm not mistaken in the 17th century or around 1638, Casinos in Venice are no less competitive with casinos in Macau and Las Vegas.

Casinos in Venice are also not inferior to their competitors, they also provide a variety of classic casino games that can amaze visitors, if I'm not mistaken there are more than 600 slot machines available at the casino.

Indeed, today's world is more popular in Macau and Las Vegas gambling circles, they are like Valentino Rossi vs. Max Biaggi competes with each other in the eyes of tourism, but if you talk about rivals, It is possible that the Casino in Venice can also beat the casinos in Macau and Las Vegas, just adding their best concepts for travelers or tourism.

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Macau is in China and we all know it's not a country where people doesn't really like to visit compared to Last Vegas and Asia is more conservative towards gambling which might be another reason. Vegas is not only famous for Gambling but also tourism across the world and it's becoming a must visit place in everyone's life.

There are other countries which are also promoting gambling like Singapore but the land is already overwhelming so might not be enough room for further development.

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From a regular person point of view, isnt Las Vegas already gained so much popularity and is already such a cult place, that when someone mention gambling, Las Vegas is among first things that comes into mind? Like Venice is about canal and boats, France is about Eiffel tower and love, Italy is about pizza, Vegas is about gambling. It will be difficult to change that stereotype.

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Quote from: Cryptomultiplier on November 03, 2024, 05:49:12 AM

This is an old debate and for me, no conclusions can be drawn yet as regards the most dominant gambling capital in the world.

What OP shared are figures enough to conclude that Macau now is the gambling capital in the world.

Quote from: Cryptomultiplier on November 03, 2024, 05:49:12 AM

Gambling sure provides a good revenue for the state through taxes and commissions and I know of how Brazil allowed gambling winnings to be taxed until it currently banned gambling activities in the country despite the taxes and regulations.

They ban those that are not complying with the law, others that complied are operational.
So it's misleading to think that gambling is ban in Brazil.

Quote from: Cryptomultiplier on November 03, 2024, 05:49:12 AM

The success of a gambling capital is dependent on the laws and regulations that abide therein and I think one way las Vegas or Macau can retain the number one spot gambling capital is to incorporate the use of AI bots and integrations as well as acceptance of cryptocurrency for placing bets and as winning currency of choice.

40% of Macau's GDP is tied with gambling revenue, pretty much explains already how friendly the law to the gambling industry.

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Quote from: Z390 on November 03, 2024, 03:59:26 AM

Why should I care if Macau takes over Las Vegas? How will the United States of America benefits from Macau taking the lead?

They don’t really benefit from that since it means lower tax collection. But looking at the bigger picture, I think gambling taxes in the US are still significant, and it’s not like they’re losing gamblers to Macau. Macau’s growth is more about being a place dedicated to gambling.

OP might just be trying to educate us on the biggest gambling capital in the world, as many people may not realize there are places bigger than Vegas. Vegas gets highlighted in so many movies and gambling scenes, but Macau? I don’t think I’ve seen a gambling movie set there.

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This is an old debate and for me, no conclusions can be drawn yet as regards the most dominant gambling capital in the world. Gambling sure provides a good revenue for the state through taxes and commissions and I know of how Brazil allowed gambling winnings to be taxed until it currently banned gambling activities in the country despite the taxes and regulations.
The success of a gambling capital is dependent on the laws and regulations that abide therein and I think one way las Vegas or Macau can retain the number one spot gambling capital is to incorporate the use of AI bots and integrations as well as acceptance of cryptocurrency for placing bets and as winning currency of choice.

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Why should I care if Macau takes over Las Vegas? How will the United States of America benefits from Macau taking the lead? This discussion isn't benefitting in any way, Macau success is helpful for China, that place is always going to exists because of the taxes and other money benefits that it is pouring into the country and that's the same to Las Vegas for the USA, forget everything else it is not necessary.

There are other big gambling cities in the world today and believe they bring in more money than anything else in the countries, it is why they are allowed to exists side by side in a centralised country in the first place.

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Quote from: Saint-loup on November 02, 2024, 05:47:49 PM

Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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.

Another city I think has the potential in the future is Abu Dhabi. They are planning on building casino resorts in the port or in the Yas Island. I genuinely am excited to see how gambling can boom in the emirates. They already have a lot of tourists, wealthy and high prolific ones as well, so imagine a casino ring in the emirates? Seems exciting.

For now though they are still trying to fight with regulations and all the logistics. But if Japan is stepping up their game in 2030, then we might see Abu Dhabi in the fight as well.

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Macao? Most people don’t even know where that city is. Last Vegas might have lost its mojo lately but it will be the king city of gambling forever imo. Macao, monaco, curaçao whatever, these will come and go but Las Vegas will always be there and print money for those who invested in it.

I just checked and found out Macao is in China. I see it is an autonomous region but still, it is in China. One day Xi might wake up and decide to ban gambling altogether like how he banned btc mining.

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Quote from: Fiatless on November 02, 2024, 08:49:57 AM

Macau's location and political affiliations might limit the growth of the gambling business. The country is a special administrative region of China, and many people will not be comfortable there. The Chinese government's tight societal regulations might discourage foreign travellers from China. Tourists might also be discomforted by China's authoritarian government and abuse of human rights.

Even though gambling is only illegal in mainland China, some people may not understand that Macau falls under special administrative region which makes gambling legal in the city. So, I get your point that tourists may not have the same impression of Macau and Las Vegas due to conflicting political systems in China. They might grow hesitant to actually go and gamble in Macau in fear of getting in trouble with the government.

Quote

Thailand and Japan are now competing with Macau. Unlike Macau, where mainland Chinese visitors account for 70% of the total, Thailand and Japan have a good balance of visitors from all over the world, including Europe and the United States.

Macau needs to do something that can attract more tourists in the region and encourage them to gamble. I also think that they need to do a better job in informing the public about the city as it is often grouped together with mainland China which is very strict and would not be the go-to place of gamblers. I saw a research once where it is comparing Thailand's promotional campaign and studying it to see how can Macau replicate the same.

As for Japan, from what I know they have quite strict laws about gambling so despite many tourists I do not think they go to Japan to gamble.

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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.

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Quote from: Saint-loup on November 02, 2024, 05:47:49 PM

Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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!

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.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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.

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Quote from: OgNasty on November 02, 2024, 04:43:04 PM

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.

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Quote from: OgNasty on November 02, 2024, 04:43:04 PM

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.

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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.

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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.

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Quote from: Don Pedro Dinero on November 02, 2024, 09:39:54 AM

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.

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Quote from: acroman08 on November 02, 2024, 10:41:01 AM

Quote from: Fiatless on November 02, 2024, 08:49:57 AM

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.

Quote from: Fiatless on November 02, 2024, 08:49:57 AM

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.

Macau is a Special administrative region of China and Mainland China has much influence over it. It might have a separate government just like Hong Kong, Mainland China is indirectly in control.

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.

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Quote from: Fiatless on November 02, 2024, 08:49:57 AM

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.

Quote from: Fiatless on November 02, 2024, 08:49:57 AM

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.

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Quote from: Kelward on November 02, 2024, 09:59:23 AM

Quote from: Botnake on November 02, 2024, 09:22:43 AM

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.

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.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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.

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Quote from: Botnake on November 02, 2024, 09:22:43 AM

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.

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Quote from: Don Pedro Dinero on November 02, 2024, 09:39:54 AM

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.

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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.

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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

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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.

Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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's location and political affiliations might limit the growth of the gambling business. The country is a special administrative region of China, and many people will not be comfortable there. The Chinese government's tight societal regulations might discourage foreign travellers from China. 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. Installing a democratically elected government in China will help in attracting more non-Chinese tourists/gamblers to Macau.

Thailand and Japan are now competing with Macau. Unlike Macau, where mainland Chinese visitors account for 70% of the total, Thailand and Japan have a good balance of visitors from all over the world, including Europe and the United States.

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Macau has much open law when it comes to gambling compared to Vegas while there’s a lot Chinese gambler compared to US altogether with other Asian country and EU that preferred Macau over the US Vegas.

I think in terms of GGR, Macau will dominate Vegas since they have better government and position compared to Vegas but in terms of popularity I think no one can beat Vegas since it’s already the symbol of casino.

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Quote from: kotajikikox on November 02, 2024, 08:20:34 AM

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!

Rome was not built in one day, and when it comes to the reputation of one place, it is built over the year, with so many people who enjoyed the place—it's not really a series of events that will make any city beat Vegas because people have attachment to a place where they cherish great moments when they visited the place.
So it will take a lot of events and Vegas to turn bad for other cities to emerge as the next gambling capital, and it will take a lot of years to do that.
You cannot change the reputation of a city built over the years overnight; it's the people who cast a vote on the reputation of one's place.

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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!

Topic: Sin City vs Gambling Capital (Read 616 times)