Las Vegas has been the home of gambling, while other areas have cropped up across the globe, none have really seemed to quite capture the atmosphere and vibrancy that is in abundance in Las Vegas.
However, that seems to fast becoming a distant memory thanks to the growth rate of Asia in the gambling sector. Tucked away in the administrative region of Macau are some highly influential casinos that see a dramatic, high volume turnover of approximately $38 billion in annual returns, which, according to the latest statistics, is six times bigger than what Las Vegas makes per year.
Not a bad sum when you consider that Macau has less casinos than the American gambling giant, on average Macau has 40 gambling establishments, while Las Vegas is said to have double that amount.
It appears to come down to two key points of this sudden Asian dominance: firstly, it would seem that the residence of China can’t resist having a dabble and placing the odd bet or two, and secondly, with the economy continuing to increase, the wealthy middle classes are on the rise, and therefore have more money to inject into this higher roller location. On average, all visitors to Macau’s casinos roughly bet up to $1,354, while those in Las Vegas only place a small $156, quite a difference in revenue scale.
According to financial specialists, and many other seasoned professionals from the gambling sector, it would seem that Macau amasses more money because it attracts a consistent number of heavy hitting gamblers.
Las Vegas on the other hand sees a more tourist focused crowd that are as much about the experience, if not more, than actually gambling. Some are even commenting how, in as little as five years, Macau could be the first casino to enter the $100 billion gambling market if the continued droves of serious gamblers keep coming.
Of course, the UK is nowhere close to being such an influential gambling force, however, there is a significant amount of turnover in the online casino world, with respected, well known brands like http://galacasino.com/, keeping the UK a serious player in the online gaming market.
No matter your preference – whether you’re a lover of the real life casino experience, or whether you like to enjoy a punt from the comfort of your own home, there is no denying that Asia is taking the gambling sector by storm, and looks set to do so for many years to come.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Global Gaming Expo Asia Overview
This event is a must for anyone involved in the Asian gaming industry: an overwhelming 95% of Asian casino and sportsbook operators attend G2E Asia to present their products
G2E Asia – an abbreviation for Global Gaming Expo Asia – is a renowned iGaming event and entertainment business hub where companies from all over the globe come to exhibit their latest products and innovations.
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