The Macau casino gambling industry has long passed Las Vegas as the gaming capital of the world. By the looks of the latest revenue figures for the month of April, it does not appear that Macau is going to be giving up that title anytime soon.
For April, revenue at Macau casinos was $1.76 billion. That was a one month record for Macau, with the previous record being set back in January. The increase in revenue for April was 70% higher than the same period a year ago.
Last year in April, Macau casinos were dealing with visa restrictions imposed by the Chinese government. Residents of the mainland were limited in how many times they could visit Macau, and it made a big difference in the overall revenue.
"Macau has undoubtedly become the biggest gaming destination in the world, and it will be interesting to see whether they can keep that up as the government attempts to limit the gaming options," said Gaming Analyst Steve Schwartz. "The government and the existing casinos seem to agree that more is not always better."
Las Vegas Sands is already working on an expansion project that was in the works before the government decided to step in and stop all future growth. The Macau government is allowing Sands and other developers to complete their projects that have already been approved.
While Macau casinos are thriving, Las Vegas casinos are still trying to recover from the economic recession. In the past, the gaming industry has been somewhat immune to any form of a recession, but this time around, Atlantic City and Las Vegas were ravaged by the economic woes of the US.
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