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Middle income Tourism Expands as VIP Marketplace Slows in Macau



Macau is pulling more of these sorts of Chinese tourists now, and less whales, as revenues continue to skyrocket (Image: CNN.com)

Macau now recognized as the #1 gambling revenue locale worldwide has had another record year, with a $45 billion intake in 2013, a number that represents an 18.6 percent jump from the year prior. And even though Las Vegas’ improvements from the year before had been really a bit more than this, percentage-wise, Macau continues to beat out the American gambling mecca by way of a seven-times-greater input yearly.

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But while previous years’ growth was mainly attributed to the mega-wealthy Chinese whales who found the Chinese special administrative district to play at opulent casinos like the Venetian Macao or Galaxy Macau, the most recent year’s upswing has been more because of the normal guy, i.e., China’s middle income and their new access to the gambling kingdom that is neighboring.

Most credit for this influx for the masses goes to an ever-growing high-speed rail system, and a 38 billion yuan (US$6,216,291,171) connective bridge that ties together Hong Kong, Macau and Zhuhai on China’s mainland, which has vastly paid off access time to Macau. That reality, in turn, is making it possible for numerous more time and trip that is brief in the future and spend their money at Macau’s casinos; brand new attractions increasing in nearby Hengqin Island are assisting to

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