A.C is called “the poor man’s Vegas” by some, and Vegas does reign atop, but not by a far cry, nor any large disproportion.
November 7, 2006 (Press Release) --
Atlantic City casinos hauled in $5.02 billions in gambling revenues last year, 2005 (not shabby for a 40,000 people community – actually astounding!), as opposed to the $6.4 billions that Las Vegas casinos raked in (a community of 376,000: 9.5 times A.C.’s size).
The bi-products of gambling
Apart from the revenues generated from the action at the tables or machines, there’s the inevitable bi-product of monies generated outside of the gambling venues: such as hotel stays, restaurants, and entertainment. That’s where Las Vegas leaves Atlantic City to eat its dusty trail, with numbers absolutely disproportionate. Where it’s close in gambling numbers: rounded off, it’s 6-5, which would make for a close, but action-filled baseball game’s score.
The big question
The answer is… close: but Macau took over! As of this year’s third quarter’s end, September 30; the facts are based official figures, compiled in October, according to the Macau Gaming Inspection and Coordination Bureau; gross revenues for gaming and gambling from casinos totaled some $4.821 billions U.S., while Las Vegas casinos made $4.388 billions U.S. during the same period; that amounts to near half a billion U.S. lead, so odds are that Macau will be the new world leader – in gambling revenues – at years’ end, and might hold that lead for much, much longer: Macau currently had seven new casino projects approved, with some of them under construction, and at different degrees of completion. And it’s not as if Macau had been slowly and gradually creeping up – this was a sling-shot zip by that’d give a Nascar driver a wide grin.
For the time being, Las Vegas, in consideration for the ‘outside the casino floors’* revenues still holds a slight margin over Macau, and probably will at year’s end. Macau has been in a tremendous progression in gaming revenues for the last 4-5 years; observers in the know do not forecast an end to this progression, and Las Vegas’ overall* lead should fall to Macau within another year at most, and for keeps (to consider, the large new casino that has just begun raking in profits late this past October, and the seven new casino projects underway).
About the rival’s country and the game of Keno
For ‘believe it or not’ fans out there, it’s an absolutely fantastic fact that it took over 200 (!) Las Vegas casinos to accumulate the above mentioned numbers, while only 22 – discounting the latest October’s addition – Macau casinos did it!
The bi-products of gambling
Apart from the revenues generated from the action at the tables or machines, there’s the inevitable bi-product of monies generated outside of the gambling venues: such as hotel stays, restaurants, and entertainment. That’s where Las Vegas leaves Atlantic City to eat its dusty trail, with numbers absolutely disproportionate. Where it’s close in gambling numbers: rounded off, it’s 6-5, which would make for a close, but action-filled baseball game’s score.
The big question
The answer is… close: but Macau took over! As of this year’s third quarter’s end, September 30; the facts are based official figures, compiled in October, according to the Macau Gaming Inspection and Coordination Bureau; gross revenues for gaming and gambling from casinos totaled some $4.821 billions U.S., while Las Vegas casinos made $4.388 billions U.S. during the same period; that amounts to near half a billion U.S. lead, so odds are that Macau will be the new world leader – in gambling revenues – at years’ end, and might hold that lead for much, much longer: Macau currently had seven new casino projects approved, with some of them under construction, and at different degrees of completion. And it’s not as if Macau had been slowly and gradually creeping up – this was a sling-shot zip by that’d give a Nascar driver a wide grin.
For the time being, Las Vegas, in consideration for the ‘outside the casino floors’* revenues still holds a slight margin over Macau, and probably will at year’s end. Macau has been in a tremendous progression in gaming revenues for the last 4-5 years; observers in the know do not forecast an end to this progression, and Las Vegas’ overall* lead should fall to Macau within another year at most, and for keeps (to consider, the large new casino that has just begun raking in profits late this past October, and the seven new casino projects underway).
About the rival’s country and the game of Keno
For ‘believe it or not’ fans out there, it’s an absolutely fantastic fact that it took over 200 (!) Las Vegas casinos to accumulate the above mentioned numbers, while only 22 – discounting the latest October’s addition – Macau casinos did it!
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