Chinese Officials Stops Casino License Approval In The Macau Enclave

Venetian MacauChinese officials stopped casino license approval in The Enclave of Macau. For the first quarter of this year Macau has $3.8 billion in gaming revenue compared to $1.2 billion from gamblers in Las Vegas, Nevada real estate. Last year Macau took $10.3 billion from gamblers.

Interesting Macau would do such a move based on their current revenue compared to Las Vegas gaming revenue.

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Las Vegas Sands Corp $2.4 Billion Venetian Macau Grand Opening Day

Venetian MacauLas Vegas Sands Corp. $2.4 billion Venetian Macau resort grand opening. The opening of this resort will more than double the hotel and casino capacity in China.

The expected result for building the Venetian is to change the travel from a day trip destination to a long term stay for all of Asia to experience.

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