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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, confe

by 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.

by smcin 2y ago

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.