Read more about Bigger than Las Vegas: How Macau became the world's casino capital on Business Standard. The story of Macau is one of globalisation and the rise of China. It is a globalisation story because of the role played by foreign multinational casino companies You’ll be spoiled for choice in Las Vegas, with over 100 casinos to choose from. Macau has less than half of that, with 49 casinos. Macau is still seen as the place for more serious gamblers though. Las Vegas: 42.4 percent year-to-date average return for the five Vegas stocks mentioned Macau: 43.2 percent year-to-date average return for the four U.S.-listed stocks Related Links: Las Vegas is no doubt the entertainment capital of the world while Macau is the Las Vegas of the East. Huge difference right? But currently, going to Macau is wonderful and enjoyable. You can do so many things that are not present in Las Vegas. Here are the best 10 reasons that Macau is cooler than you thought: Gambling revenues are also bigger than life as Macau is the gambling mecca of the world. Las Vegas For many hipsters and gamblers around the world, Las Vegas will forever be the birthplace of high A Heavyweight Bout – Vegas vs. Macau. Even though the number of casinos in Macau is smaller than Vegas, the annual revenue in the Chinese city is higher. Standing at a whopping $28 billion annually, it easily destroys Vegas’ revenue of around $11 billion per year, even with a smaller overall gambling budget. One of the biggest differences between Vegas and Macau is that in Vegas it’s entertainment, here it’s an investment. That’s really how many people here view it, and as such everything is geared towards that market. Macau is more expensive than Las Vegas. It might seem that Macau is at a disadvantage since its surface area is three times smaller than that of Vegas. However, the population of both cities is pretty much the same. Even though Macau is a much smaller city and has less space to fit gigantic casino resorts, it still has a gambling revenue that is three times higher than that of Las Vegas, which is quite impressive. In general, visitors will spend longer in Vegas than Macau, with 99% of visitors to Vegas staying overnight, at least. Meanwhile, only 50% stay overnight in Macau. Although this could be attributed to Las Vegas’ desert location, the city offers plenty to see and do at all hours, and is a mesmerizing destination you’re unlikely to find anything similar to elsewhere. The casino, of course, will accept new money, too, so if you're looking for something a bit classier in your next gaming vacation, the tiny city-state of Monaco welcomes you. Located on the French Riviera, it's a world away from the likes of Las Vegas or Macau or Atlantic City. James Bond gambled at the Monte Carlo Casino. In more than one movie.
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