Macau Dominates Global Gambling Industry, Region’s Revenue Up 57% In 2010

January 3rd, 2011 – by Glen Farmer

Now that 2010 is in the books, Macau’s gambling regulators have released reports surrounding gambling revenue in the area. As the only city in the world’s most populated nation where gambling is legal, Macau has become a key player in the global gaming industry, and they have the numbers to back it up.

For the year of 2010, approximately $23.6 billion had been generated by the region’s casinos. This is a whopping 57 percent increase over the previous year, which has essentially solidified the region’s position as the largest gambling market in the world.

Economic downturn and recession has temporarily hindered several gaming markets in the United States, with the heaviest losses going to Atlantic City. Las Vegas has remained fairly consistent in revenue.

Gambling has long been a major theme in Macau, but the major boom did not occur until 2002 when foreign gambling entities were entitled to operate within the region. Five years later Macau’s gambling revenue surpassed the Las Vegas strip’s.

December not only finished off the year on a very high note, but December of 2010 also broke a record – the month’s revenue was up 66 percent on a year to year basis.

The Macau Gambling Inspection and Coordination Bureau released the data in question.

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