Macau is one of the biggest hubs for high end gambling in the world. Located off the coast of China, it is home to some of the grandest casinos around. However, the area has been suffering from a dip in revenues, with consecutive months where the numbers did not match up to expectations. The question is whether these figures will have any impact in Vegas, the most famous gambling destination in the west.
Las Vegas Sands is one of the most important casino related companies in the world. They own several casino resorts around the world, with The Venetian and The Palazzo being their prized possessions. Despite worries in Macau, Las Vegas Sands has been showing solid numbers over the past few months, with both their Vegas casinos doing very well. Their Macau casinos have also brought in billions of dollars.
VIP Gaming –
The problem for Macau is that their clientele is very specific. The region brings in billions of dollars a year, but they do so thanks to one source: VIP clients. If there is a reason for VIP clientele to make less frequent gambling trips to Macau, the region will inevitably suffer. Many people blamed the loss of revenue in June and July on the football World Cup, which drew a lot of attention from sports and gambling enthusiasts.
Unlike Macau, Las Vegas casinos do not have this problem. Their clientele is a mixed bag of casual gamblers and more seasoned betters. People who are poor, affluent or in the middle of the road can visit Vegas during all times of the year. Most of these people visit the slot machines and table games. This variety of customers ensures that Vegas will never suffer a similar decline to Macau, no matter what the economic forecast.