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Makes sense. Macao is fairly underwhelming when compared to Vegas. Chinese must be gambling elsewhere.
by codesushi42 7y ago
Makes sense. Macao is fairly underwhelming when compared to Vegas. Chinese must be gambling elsewhere.
- seanmcdirmid 7y agoMacao is too Chinese (meaning the CPC is in control), the emperor is further away in Manila.
- 9nGQluzmnq3M 7y agoMacau is approximately 6x larger in terms of gambling revenue than Vegas. https://www.fool.com/investing/2018/11/04/the-difference-between-las-vegas-and-macau.aspx https://www.fool.com/investing/2018/11/04/the-difference-bet...
- codesushi42 7y agoI suppose. But if you have actually been, it is quite underwhelming in scale compared to Vegas. Though certainly less low-lifes hanging around than Vegas, and much more cleaned up. To be fair, Vegas had decades to build up its now empty hotels.
- FDSGSG 7y agoI've actually been to both, I'd definitely call Vegas underwhelming, not Macao.
- deleted 7y ago[deleted]
- pcr0 7y agoTo be fair, Macau casinos are the preferred method for wealthy Chinese to bypass capital restrictions and move cash out of China. https://www.businessinsider.com/how-people-use-macau-to-launder-money-2013-11 https://www.businessinsider.com/how-people-use-macau-to-laun...
- codesushi42 7y agoThis. If you've been, it doesn't feel like 6x more active than Vegas. Which says a lot, given it's a Chinese city.