Macau to overtake Las Vegas by 2007
AFP, August, 2006
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HONG KONG (AFP) — Booming Macau will leap-frog the world famous Las Vegas Strip as the world's strongest casino market this year, analysts have said, predicting its gaming halls will generate 8 billion dollars by 2007.
With more than 20 billion dollars worth of investment committed to some 25 new hotels and casinos in the next five years the southern Chinese territory is expected to emerge as a world-class tourism destination, according to analysts Globalysis.
"We believe that Macaus (revenue) will surpass that experienced on the Las Vegas Strip in 2006, signalling Macaus success as a global casino gaming destination," it said in a statement Thursday.
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While it gave no forecasts for Las Vegas revenues, the dozens of glitzy casinos on the strip earned just below 6 billion dollars in 2005.
The company stressed Macau was still some way from eclipsing all of Las Vegas' hundreds of ...
