The GGR (Gross Gaming Revenue) of Las Vegas is $6.4 billion, 34% of which comes from playing casino games. The rest comes from hotel rooms and restaurants. On the other hand, Macau has a GGR of $28.04 billion. Of this amount, the city will get around $12 billion, which is twice as much as Las Vegas earns in total. Strangely, the average gambling budget in Las Vegas is $619 compared to Macau’s $250, yet the gaming revenue in Las Vegas per year is $11.1 billion, which is easily dwarfed by Macau’s $28 billion. The Chinese territory reported gambling revenue of 360 billion patacas ($45 billion) for 2013, an increase of almost 20% over the previous year. If that sounds like a lot of cash, it is. Las Vegas... Las Vegas may be the original icon of gambling excess, but it's far from the biggest gambling market in the world today. That title goes to Macau, which had $37.1 billion in gaming revenue over the... Macau, along with Hong Kong, is one of two Special Administrative Regions in China. Gambling in Macau, which was legalized in the 1850s, makes up a large portion of the region’s economy. Revenue... Macau, located on the southern coast of China and a one-hour ferry ride from Hong Kong, is the world’s largest legal casino destination by revenue, bigger than Las Vegas. The city is home to 41 casinos as of 2019, and only three U.S. casino companies have properties there: Las Vegas Sands, MGM, and Wynn. The COVID-19 pandemic has hammered gambling revenue in Macau, the “Vegas of China.” Through November, Macau gaming revenue is down 80.5% in 2020 to $6.58 billion, according to the latest In 2004, Macau’s casino industry generated gaming revenue of around $7 billion. The city was lagging behind the $10 billion generated by casinos in Las Vegas and Clark County. By 2012, the Macau-based casinos of US gambling giants Las Vegas Sands and Wynn Resorts generated more than a half of these companies’ revenues. The COVID-19 pandemic has hammered gambling revenue in Macau, the “Vegas of China.” Through November, Macau gaming revenue is down 80.5% in 2020 to $6.58 billion, according to the latest figures...
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