Macau Poised to Overtake Vegas

MACAU – As reported by the Australian: "Macau is poised to overtake Las Vegas as the gambling capital of the world before the end of the year.

"The more than 16 million visitors who poured into the former Portuguese enclave last year pushed gambling revenues in the island's casinos to A$5.1 billion (US$6.4 billion) for 2004.

"That's just a whisper behind Las Vegas' A$5.3b.

"Yet, Macau's received just half the number of visitors as the US gambling capital.

"Moreover, its gambling jumped 40 per cent last year alone, and is set to grow at 18 per cent a year for the next three years, forecast Mr Marc Falcone, gaming analyst at Deutsche Bank…"

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