Saturday, August 05, 2006

As reported by the Agence France-Presse: "Booming Macau will leap-frog the
world famous Las Vegas Strip as the world's strongest casino market this
year, analysts 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. ".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 casinos, which brought
in 9.1 billion dollars in 2005. "Globalysis said Macau's mushrooming gaming
business would be boosted by growth in casino-tourism related sector."