4 ms·

No, but it's probably the most famous (at worst, second behind Monte Carlo).

by lmm 2y ago

Reason077 2y ago
Monte Carlo isn't a city. It's a casino named after the Monaco neighbourhood where it's located: https://en.wikipedia.org/wiki/Monte_Carlo_Casino https://en.wikipedia.org/wiki/Monte_Carlo_Casino
- lmm 2y ago
  It's the same kind of administrative division as Monaco City. It's where the Grand Prix is announced as being held. Las Vegas is also legally a subset of the metropolitan area that it's part of. Americans do call the thing that Las Vegas is a "city" and do not call the thing that Monte Carlo is a "city", but this seems more like a translation artifact than any real difference.
  - rsynnott 2y ago
    Monte Carlo has a population of 3,500 people and is entirely contiguous with the rest of Monaco-the-city. I'm not sure anyone would consider it a city in itself.
    - lmm 2y ago
      Shrug. Within a factor of 3 or so of the City of London. I'm sure there are other examples. Administrative districts are weird.
snakeyjake 2y ago
Las Vegas is an insignificant mote of dust compared to Macau when it comes to Casinos and gambling.
- snapcaster 2y ago
  wow you're not kidding! looked this up and revenues are somewhere like 10x-20x of macau compared to vegas. That's pretty nuts, didn't realize there was that big of a gap
  - Neonlicht 2y ago
    I thought it was common knowledge that Asians love to gamble?
  - rsynnott 2y ago
    AIUI gambling is still pretty much entirely illegal in mainland China, so it pretty much has a captive market of 1.5bn people. Vegas has a much smaller _obligate_ market; gambling's far more (legally) available in the US than in China. Like, if you like on the American east coast, and enjoy gambling, Vegas may be a place that you'd like to go, but you have other closer options.
    - bombcar 2y ago
      Vegas was much bigger before Indian casinos and others too off. It used to be Atlantic City and Vegas, and the name lives on even if the reality has changed.
    - bobthepanda 2y ago
      Vegas has definitely pivoted more into showbiz and entertainment. Macao has not only China but is a quick flight for most of the world's population, particularly NE and SE Asia, and most importantly most people are not residents of Macao. In East Asia, where gambling is allowed it's usually not permitted for the residents of the country (e.g. Singapore)
      - lazylizard 2y ago
        ??? singaporeans are definitely not "not permitted" to gamble. i suspect you mean the thing with the casinos. singaporeans can enter, though they have to pay an extra fee. and besides the casinos, singaporeans also bet on 4d, toto and football in betting shops all over the island.
smcin 2y ago
No, Macau is. It's Western media bias that we talk about LV way more than Macau. (Also, LV still has the English-language entertainment acts, conventions, conferences.) But for gambling revenue, Las Vegas was passed out by Macau back in 2007 already: https://www.reuters.com/article/macau-revenues/the-worlds-casino-macau-overtakes-las-vegas-strip-idUSHKG32858920070212/ https://www.reuters.com/article/macau-revenues/the-worlds-ca...
- seanmcdirmid 2y ago
  Macau in 2007 was way more about money laundering than Las Vegas. Do you have more recent numbers? After Xi’s crackdown, I’d expect their gambling revenue to go down by a lot.
  - smcin 2y ago
    Article [0] and graph [1] FT citing Bloomberg, UNLV says Macau gambling revenues outstrip LV every year 2007-2020 except 2009 (recession); even with the huge Covid drop in 2020. And [2] second graph says "Macau [Gross gaming revenue ($bn)] has regained lead from Las Vegas as world’s top gaming hub" in 2023; LV was briefly > Macau for the three years 2020-2022. (Also shows visitor arrivals from mainland China recovered since 1/2023). Yes, even post-Chinese crackdowns (2012- ongoing, and also in 2021) on corruption. [0]: https://www.ft.com/content/417f2513-37b2-4900-ac36-4729df36ae1b https://www.ft.com/content/417f2513-37b2-4900-ac36-4729df36a... [1]: graph 3 from that FT article https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd6c748xw2pzm8.cloudfront.net%2Fprod%2Ff9b0c1c0-1abb-11ec-9a06-e97b7c092dcf-standard.png?source=next-article https://www.ft.com/__origami/service/image/v2/images/raw/htt... []: FT 3/2024 "Macau roars back as gamblers return to ‘Las Vegas of the east’" https://www.ft.com/content/918d868a-e862-45e0-9072-e794611594af https://www.ft.com/content/918d868a-e862-45e0-9072-e79461159...
    - seanmcdirmid 2y ago
      Nice to know, thanks for delivering the refs. It lost to LV during COVID, but bounced back afterwards, which makes sense. I've never been to Macau before although I've been to HK a few times. The only time I've seen a Chinese casino was in Manilla (near T3 of the airport), and I'm almost positive that one at least, was related to money laundering.

No, but it's probably the most famous (at worst, second behind Monte Carlo).

by lmm 2y ago

No, but it's probably the most famous (at worst, second behind Monte Carlo).

Monte Carlo isn't a city. It's a casino named after the Monaco neighbourhood where it's located: https://en.wikipedia.org/wiki/Monte_Carlo_Casino https://en.wikipedia.org/wiki/Monte_Carlo_Casino

lmm 2y ago
It's the same kind of administrative division as Monaco City. It's where the Grand Prix is announced as being held. Las Vegas is also legally a subset of the metropolitan area that it's part of. Americans do call the thing that Las Vegas is a "city" and do not call the thing that Monte Carlo is a "city", but this seems more like a translation artifact than any real difference.
- rsynnott 2y ago
  Monte Carlo has a population of 3,500 people and is entirely contiguous with the rest of Monaco-the-city. I'm not sure anyone would consider it a city in itself.
  - lmm 2y ago
    Shrug. Within a factor of 3 or so of the City of London. I'm sure there are other examples. Administrative districts are weird.

snakeyjake 2y ago

Las Vegas is an insignificant mote of dust compared to Macau when it comes to Casinos and gambling.

snapcaster 2y ago
wow you're not kidding! looked this up and revenues are somewhere like 10x-20x of macau compared to vegas. That's pretty nuts, didn't realize there was that big of a gap
- Neonlicht 2y ago
  I thought it was common knowledge that Asians love to gamble?
- rsynnott 2y ago
  AIUI gambling is still pretty much entirely illegal in mainland China, so it pretty much has a captive market of 1.5bn people. Vegas has a much smaller _obligate_ market; gambling's far more (legally) available in the US than in China. Like, if you like on the American east coast, and enjoy gambling, Vegas may be a place that you'd like to go, but you have other closer options.
  - bombcar 2y ago
    Vegas was much bigger before Indian casinos and others too off. It used to be Atlantic City and Vegas, and the name lives on even if the reality has changed.
  - bobthepanda 2y ago
    Vegas has definitely pivoted more into showbiz and entertainment. Macao has not only China but is a quick flight for most of the world's population, particularly NE and SE Asia, and most importantly most people are not residents of Macao. In East Asia, where gambling is allowed it's usually not permitted for the residents of the country (e.g. Singapore)
    - lazylizard 2y ago
      ??? singaporeans are definitely not "not permitted" to gamble. i suspect you mean the thing with the casinos. singaporeans can enter, though they have to pay an extra fee. and besides the casinos, singaporeans also bet on 4d, toto and football in betting shops all over the island.

smcin 2y ago

No, Macau is. It's Western media bias that we talk about LV way more than Macau. (Also, LV still has the English-language entertainment acts, conventions, conferences.) But for gambling revenue, Las Vegas was passed out by Macau back in 2007 already: https://www.reuters.com/article/macau-revenues/the-worlds-casino-macau-overtakes-las-vegas-strip-idUSHKG32858920070212/ https://www.reuters.com/article/macau-revenues/the-worlds-ca...

seanmcdirmid 2y ago
Macau in 2007 was way more about money laundering than Las Vegas. Do you have more recent numbers? After Xi’s crackdown, I’d expect their gambling revenue to go down by a lot.
- smcin 2y ago
  Article [0] and graph [1] FT citing Bloomberg, UNLV says Macau gambling revenues outstrip LV every year 2007-2020 except 2009 (recession); even with the huge Covid drop in 2020. And [2] second graph says "Macau [Gross gaming revenue ($bn)] has regained lead from Las Vegas as world’s top gaming hub" in 2023; LV was briefly > Macau for the three years 2020-2022. (Also shows visitor arrivals from mainland China recovered since 1/2023). Yes, even post-Chinese crackdowns (2012- ongoing, and also in 2021) on corruption. [0]: https://www.ft.com/content/417f2513-37b2-4900-ac36-4729df36ae1b https://www.ft.com/content/417f2513-37b2-4900-ac36-4729df36a... [1]: graph 3 from that FT article https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd6c748xw2pzm8.cloudfront.net%2Fprod%2Ff9b0c1c0-1abb-11ec-9a06-e97b7c092dcf-standard.png?source=next-article https://www.ft.com/__origami/service/image/v2/images/raw/htt... []: FT 3/2024 "Macau roars back as gamblers return to ‘Las Vegas of the east’" https://www.ft.com/content/918d868a-e862-45e0-9072-e794611594af https://www.ft.com/content/918d868a-e862-45e0-9072-e79461159...
  - seanmcdirmid 2y ago
    Nice to know, thanks for delivering the refs. It lost to LV during COVID, but bounced back afterwards, which makes sense. I've never been to Macau before although I've been to HK a few times. The only time I've seen a Chinese casino was in Manilla (near T3 of the airport), and I'm almost positive that one at least, was related to money laundering.