Macau's government says casino gambling revenue surged by more than half in 2010, outpacing the Las Vegas Strip by about four-fold. -- PHOTO: WOTIF
HONG KONG - MACAU'S government says casino gambling revenue surged by more than half in 2010, outpacing the Las Vegas Strip by about four-fold.
Data posted on a government website on Monday showed that casino revenue totaled 188.34 billion patacas (S$30.2 billion) last year, solidifying its rank as the world's biggest gambling market.
That's 57.8 per cent higher than the 119.37 billion patacas reported in 2009.
Macau's economy has boomed after a casino monopoly was broken up nearly a decade ago and the market opened up to foreign operators.
The former Portuguese colony on the southern coast of China is now the world's most lucrative gambling market.
Macau is the only place in China where gambling is legal and casino profits have been boosted by high-spending gamblers visiting from the Chinese mainland. -- AP, AFP
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