In current times casino industry is indeed the most growing industry be it anywhere in the world. Casino and online gambling were hugely popular across American and European continents but it has travelled across and has now gripped Asian markets. In last few years, there has been a considerable hike in the casino and online gambling malaysia industry in the South East Asian market and many international brands have set up their base here and much more are looking for an opportunity to invest in the market here.
Macau is considered to be the biggest hot spot for gamblers and tourists from all over the world come here and enjoy a rich experience of casinos. The biggest players come from right next door from China and they come in their private jets and rent out the most lavish rooms in some of the most expensive hotels. These are the guests who can spend millions with a blink of an eye however in recent times they have subsided with their gaming exploits which have brought a financial decline in Macau casino industry.
Because of this financial downturn many investors which were highly enthusiastic to get a share of massive gambling gains in this gambling hub are now more apprehensive with their investment plans. As per gambling reports Macau has been an all time favourite destination for gambling all over the world and it is one of the most gambling revenue generating cities in the world. But now it is facing difficulties for the first time in this period and this is giving sleepless nights to casino owners and investors. Even China government’s anti-corruption campaign last year have heavily affected Macau business. The super wealthy Chinese gamblers who visited Macau pretty often have been frightened by the developments across the mainland and now have stopped their regular trips to Macau.
However to stop the revenues falling new and ambitious projects have been rolled out here and as per an estimate around USD$20 billion worth of casino, projects will be developed in next two years to attract more customers. These moves should put this Portuguese colony back on the map as one of the most reputed gambling cities in the world.
Recently at an industry conference in Macau concerning the gaming world, many prominent individuals expressed their concern about the status of the casino industry here. Many even agreed that this is a general downtrend everywhere.