Gambling on China: Is Macau a Good Bet for the International Gaming Industry?
4 Pages Posted: 21 Jan 2009
Date Written: January 21, 2009
Abstract
Over the past few years the gaming industry of Macau grew at a rapid pace, being the only place in China where gambling is permitted. When the long-running monopoly on the gaming industry was lifted in 2002, foreign investors flocked to Macau and built large hotels and casinos. For a brief period, gaming revenues in Macau surpassed those of Las Vegas, however, recent economic and political issues have caused a major slowdown in gambling revenues for Macau, and some foreign investors have questioned the wisdom of their decisions to enter the market.
Keywords: gaming, Macau, gambling, Las Vegas Sands
JEL Classification: M10
Suggested Citation: Suggested Citation