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Wynn: Macau is safe bet

"...Macau is one of China's two special administrative regions, along with Hong Kong. And even by China's white-hot-growth standards, its gambling-driven prosperity is something to behold.

"It had 22 million visitors last year, a 17 per cent surge from 2005 that propelled the local economy to expand by the same amount.

"...More importantly to the Steve Wynns of the world, Macau has surpassed Las Vegas as the No 1 gambling hub.

"The boom has even impressed Hugh Hefner. In 2009, his Playboy Enterprises plans to open a 3716sq m complex, including gaming facilities and bunny-suited waitresses. It will be Asia's first Playboy Club since the last one closed in Manila in 1991.

"...Macau's gaming revenue surged to about US$7 billion ($8.8 billion) in 2006, and analysts such as Rob Hart, a managing director at Morgan Stanley in Hong Kong, expect that figure to reach US$10 billion this year..."

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