If you could ask how many local people gambled in Macau in the past couple of years, and compared that number to the number of those who place bets on various sports at local gaming facilities, you would then realize that the figures have surged.
Casino business in Macau is now stabilizing with gaming revenues likely to rise to even more heights in coming days.
Today, the casino industry in Macau is becoming the only likely stable market industry not only from foreign tourists who visit the business lucrative center but also for locals who are finding it necessary to gamble from various gaming facilities thus supporting local gaming investors.
Many market observers and various financial experts now say the stable and trendy revenue collections can be credited to among other things the reintroduction of VIP segment, which so far is the greatest channel of making money in all gaming resorts that are now in Macau.
Another reason why there is a surge in the casino revenue according to the team of experts is mass marketing adverts and strategies that have enabled to make the casino known to the rest of the world.
Although the reintroduction of VIP lounge and massive efforts by the marketers to bring Macau’s casino business to people’s doorsteps, there is yet another strong reason why there is an incredible surge in revenues in Macau’s casino business industry.
Local gamblers have played a significant role in what financial experts now call the ‘local boosters’ of the casino economy.
In spite of other tangible reasons that make the revenue surge, local gamblers have played a significant role. In recent months, they have been seen flocking various gaming facilities to place bets on their favorite sports.
Among the reasons why local players gathered several gaming floors is the scheme, which was started by Macau casino operators a year ago. All the 6 Asian casino operators agreed with one accord to lease some rooms at a discounted price as well as offering cheaper entertainment packages aimed at enticing the locals.
A study that was conducted by a Macau University on Commercial Gaming indicated that in 2016, more than 51.5% of all city residents in Asia participated in some form of gambling that year alone. The study revealed that that was a more than two and a half percent increase from what a similar study gathered three years earlier in 2013.
Remember that Macau’s casino industry did not open to the public and the outside world long ago. When the industry finally received international acclaim thanks to the legislature, it opened the room to local investment.
Authorities vowed to streamline the casino industry in China finally ending the gaming monopoly that was held by a gaming investor from Hong Kong billionaire Ho who held the casino industry helm for more than 40 years.