Macau attracts foreign investment through gaming
Macau’s gross gaming revenues total 18 billion patacas in first quarter
● Macau is a small special administrative region in China well-known as offshore financial centre / tax-haven
● Biggest attraction is gambling industry and 25 casinos, vistors from mainland China, tourists from Hong Kong and Taipei (Taiwan).
● Most popular game baccarat generates 2/3 of gaming gross receipts.
● Macau highest-volume gambling centre in the world overtaking Las Vegas in 2006, gross revenues of 55.88 billion patacas posted and total of 21.9 million tourists.
● Gaming revenues rose 8.6 percent in the first quarter of 2007 whilst visitors to Macau rose 21.4% to 6.3 million.
● 25 million Macau visitors expected this year, rising spending power of citizens and increased China tourism appeal
Steve Hemingway said,
August 25, 2007 @ 12:42 pm
A short walk across the bridge from Macau is the mainland town of Zhuhai where property is much cheaper. A lot of Macau residents are now purchasing a second property in Zhuhai, especially the Gongbei district. I have purchased a number of Zhuhai apartments with good returns.