China shows the world how to use casinos to develop tourism and Singapore isn’t far behind
Visit Britain can come up with all the initiatives it likes to promote Britain to Asians around the Royal Wedding, the Olympics, even Aliens landing in London but they will all be insignificant compared to having a super casino to market to the Chinese. You think Las Vegas is where the world gambles? Think again. Macau in China is the real global gambling superpower. 7 years ago there was only one casino in Macau, now the massive strips of ever growing gambling palaces generates five times the revenue that Vegas does. Although gambling is illegal in China the Chinese adore gambling like the rest of the world likes breathing and the Macau casinos are a huge cash cow for the Chinese state which levies tax at 39% on them. Las Vegas is miniature by comparison. Chinese punters bet around £70bn in Macau’s last month alone. This year it could reach £1tn. Think of all the cash issued from all the UK’s ATMs last year. Then multiply it by five. Singapore is catching up fast. After unveiling its second super casino in 2010 it has pulled level with Las Vegas and will overtake it in 2011 to become the second largest region for gambling in the world. Macau attracts tourists from mainland China to gamble away their hard earned money within the Chinese state – the UK can kiss goodbye to those billions. What Singapore has realized is that they can also attract the Chinese to Singapore to spend money but not only in the super dazzling casino’s but also on the rest of the glittering array of sights that Singapore has to offer which Macau doesn’t even try to provide. The UK also hasn’t got a hope of attracting those billions unless they wake up to what the modern affluent Asian really wants.
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