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Macau Gaming Business Booming

31 August 2005

MACAU – As reported by Xinhuanet: "Macau's scorching gaming business is keeping booming, as the latest official statistics showed that this year's gambling revenue reached 29.8 billion patacas (US$3.73 billion) by August, a year-on-year rise of 14 percent.

"On the casino gold rush, international hands are seeking more play.

"The Las Vegas gaming giant Wynn Resort Tuesday vowed to hire some 4,000 employees for its Macau project.

"…What is bolting the international tycoons' confidence?

"Macau's gaming sector last year saw a total revenue of five billion US dollars, up 40 percent over the 2003, and only a shade behind Las Vegas' 5.2 billion.

"Behind the rocketing jump is a growing stream of visitors from the Chinese mainland, as mainlanders arrivals more than doubled between 2002 and 2004…"

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