Macau Gambler

The increasing online betting casinos games have effect the extensive business of the world. Venetian Macao of china is the major casino of the world. It is a mixture of eight hundred fifty gambling tables and three thousand four hundred slot machines and it was built with the investment of US$ 2.4 billion and it produce 70 % of revenue to the government. It covers an area of 976,000 sq meters with 14 hotels. It is considered as the biggest Asian building. Around $12 billion is composed from online high bet casinos annually and there is expected to boost up of it because it is gaining popularity day by day. The online portrayal of casino has turn out to be the game of the wealthy in modern trend.

Macau Still Poised for Growth

Author: Chris Argamur

Over the past decade tiny Macau has managed to grow at an unfathomable pace, but it's not over yet. The Macau casino history is quit impressive. A recent economic and real estate market correction has brought new opportunities to investors who missed out.

Americans know little about Macau, a subtropical marked cards former Portuguese colony and now special administrative region off the southeastern coast of China. With land area less than the size of Manhattan and with nearly a half million people Macau's just as dense. Like Hong Kong, the powerful business hub to the north, Macau too has a business-friendly environment and attracts a great deal of foreign direct investment.

If Hong Kong were China's New York, then Macau would certainly be its Las Vegas. Actually, gamblers spent more money here than in Vegas--a cool $ 8 B. Taxes from casino gaming made up about 75% of government revenue. Unlike Las Vegas, Macau offers beaches, genuine colonial architecture, narrow streets reminiscent of European cities, and close proximity to over 1 billion people.

Macau casinos industry and colonial attractions have propelled it to one of China's top tourists destinations. Its tourism industry has more than doubled since 2003 as it welcomed over 27 million visitors last year. Although roughly 75% of tourists are from both mainland China and Hong Kong, the news is spreading fast. Officials expect more international arrivals from Europe, the States, and Australia, and Macau could soon become one of the world's top tourist destinations.

Tourists will notice that Macau is much cheaper than Hong Kong and nearly as safe. Macau's local currency, the pataca is worth about 12 cents to every US$ 1 and cheap marked card tricks Chinese labor keeps expenses low. Tourists can walk about Macau without worry as violent crime rates here on a whole are far lower than in US cities.

Macau's recent economic growth makes Hong Kong look like Michigan by comparison. Since 2001, the economy has grown by 13% annually, GDP growth has been at an astounding 30% since 2006, and unemployment is just 3%. Pricewaterhouse Coopers expects online casino gambling revenues to continue to grow by an average of 16% annually until 2010. Couple that with big construction projects such as the proposed 18-mile long bridge-tunnel connecting Macau to Hong Kong, where most of Macau's investors reside and a huge $4 B theme park. So, Macau is still attracting a steady flow of capital and of course, its future looks bright.