Gambling industry Macaus before the end?

Those who think of gaming metropolises almost inevitably has Las Vegas in mind. One or the other may also think of Atlantic City. But that was mostly. However, if you often stay in Asian space or have connections in the Far East, you will probably also have to think of the former Portuguese colony of Macau in gambling. Because in no other place of Asia is gambling as present as here. But the “Las Vegas Asia” is currently struggling with an economic problem, some of which are homemade, but above all imported from the (inter) national politics.

Macau: The Las Vegas of the East!

It should be clear to everyone that Asian culture differs something from European and perhaps also American culture. However, what is equally enthusiastic here for people of all ages and strata is the gambling. It should hardly be explained that Macau for China is roughly the same economic and cultural status as the dazzling Las Vegas for the USA. Good to know: similar to it for a long time on the US sports betting market in las vegas and in the state of nevada, macau has also had an exception for gambling since 2002, which is otherwise only permitted in china two state -organized lotteries. macau is visited on average by 31 million gambling enthusiasts a year and generates about $ 30 billion a year via the numerous casinos. this makes macau a more important international gambling center than las vegas. how strongly a flourishing gambling industry depends on the economy of a country, recently showed itself on the peninsula in the muzzle delta of the pearl flow. according to the political and economic disputes between the usa and china, commercial boys and customs threats, the chinese economy had to struggle with a stagnating economy, especially from the second half of 2018. that was that Economic growth in the Asian People’s Republic Still at 6.5 percent, but what would have been a record growth for other countries meant the worst growth rate for China since the financial crisis from 2009. And if the economy is bad, the residents of a country usually have less money available to use it in casinos at roulette and black jack tables. For Macau, this meant falling visitor numbers from the third quarter of 2018 and thus also falling income, because the majority of the visitors come from the neighboring China and Hong Kong. The numerous entertainment centers in Macau also had to fight with stagnating or even falling numbers. The precarious thing about it: American casino operators such as MGM are also represented in Macau, so that the trade dispute between the USA and China has not only affected Chinese, but also on US companies in Macau.

Better than expected in 2018 – the break -in in 2019?

Analysts therefore predicted far worse figures for the gambling mecca of Asia after September 2018 and predicted a decline in sales of up to 20 percent. For many large casinos in Macau, this was synonymous with the risk of economic ruin. In fact, it should be different, because contrary to all assumptions, a big could be generated in December compared to the same period last year: The gross revenue increased by almost 17 percent last month 2018!

Gaming in Macau is at least as dazzling and exciting as in the US desert Nevada. However, the “economic miracle” did not mean that experts for 2019 expenditure rosier forecasts, on the contrary. Because a trade war between the USA and China is still unable to rule out, even if both games have approached a little in the past few weeks and at least for a short period of time Willingness for concessions to her counterpart signaled. however, it is not just the trade dispute and the resulting loss of sales that cause analysts and casino operators. because the trade dispute and the low sales figures also have a negative impact on the casino stocks. that high interest rate level Again, investments would make more difficult and necessary modernizations failed to materialize, which would once again burden the share prices. Good to knowcurious: in mid -2018, macaus had agreed politicians in a legislative decision that employees of casino facilities in macau were no longer allowed to take part in games of chance privately. all employees of a casino are affected – from security personnel to the croupiers. according to the political statement, gambling addiction should be combated. a total of 54,000 employees in macau are affected by this decision. another negative impact on the gross games of the gambling industry in macau cannot be avoided. curiouscurious: in mid -2018, macaus had agreed politicians in a legislative decision that employees of casino facilities in macau were no longer allowed to take part in games of chance privately. all employees of a casino are affected – from security personnel to the croupiers. according to the political statement, gambling addiction should be combated. a total of 54,000 employees in macau are affected by this decision. another negative impact on the gross games of the gambling industry in macau cannot be avoided. in mid -2018, macaus had agreed politicians in a legislative decision that employees of casino facilities in macau were no longer allowed to take part in games of chance privately. all employees of a casino are affected – from security personnel to the croupiers. according to the political statement, gambling addiction should be combated. a total of 54,000 employees in macau are affected by this decision. another negative impact on the gross games of the gambling industry in macau cannot be avoided. in addition, it must be expected that the happiness of the us casino operators in macau will not be extended by the chinese authorities. the first licenses expired in 2023. if these are not extended, six us casinos in macau are already out of what would weaken the entire region. the political development of the next few weeks and months should also decide where the las vegas asia will be going on in the coming weeks.

These are the largest casinos in Macau:

• Venetian Macau: Venetian Macau is the largest casino on the Chinese peninsula. Visitors in this casino can try over 4,200 slot machines and table games in this casino or to eat up in one of the 53 gastronomic companies – restaurants and bars.
• City of Dreams Casino: A little smaller, but certainly no less exciting and impressive, the City of Dreams Casino in Macau is, as the name suggests. On an area of 41,620 square meters, almost 2,000 slot machines and tables frolic closely with 32 bars and restaurants.
• Casino Ponte 16: In third place, the Casino Ponte 16 can be found, which is located directly at the port of Macau and therefore grants a very special view. However, very few visitors should have time to take a look at the water. The 470 slot machines and table games, which are arranged on an area of just over 25,000 square meters, are much more interesting. And if a break should be necessary, nine bars and restaurants take care of the physical well-being of the casino visitors.