Wednesday, August 29, 2007

Macao Wants To Rival Las Vegas

But there may be one little problem:
But Macao’s average gambler is still a day-tripper from Hong Kong or nearby Chinese cities in the Pearl River delta. These visitors are so frugal that they often bring their own food and do not rent hotel rooms. They spend an average of just 1.26 days in the territory — and even that average is inflated by the many Hong Kong residents who work in Macao Monday through Friday and go home on weekends.

By contrast, the average visitor to Las Vegas spends 3.4 days.

“If you look at Macao, there are no or virtually no nongaming revenues,” whereas nongambling revenues exceed gambling revenues in Las Vegas, said William P. Weidner, the president and chief operating officer of Las Vegas Sands.

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