Macau’s Gaming Fortunes Grow with Wynn Set to Open New Resort, announce Online Casino Australia

SYDNEY--(BUSINESS WIRE)--Casino giant Wynn is set to open its third glittering casino resort in Macau, announce Online Casino Australia. With gaming becoming an increasingly mainstream activity thanks to the rise of internet casino sites like www.OnlineCasinoAustralia.com.au, and governments left out of pocket thanks to the global economic downturn, casino resorts are becoming an increasingly tempting prospect for country’s looking to boost revenues.

Wynn’s new favourite location of Macau is an extraordinary example of just what casino resorts can do for a country’s economy. This tiny part of China has been completely transformed by the gambling industry into a holiday haven that attracts more than 20 million visitors each year.[1]

Following the cease of the government-controlled casino monopoly in 2001, Las Vegas big-hitters moved in. First came the Sands Macau in 2004, then the $1.2 billion Wynn Macau in 2006, followed by the MGM Grand and the world’s largest casino, the Venetian, in 2007. Gaming revenues, and Macau’s economy as a whole, have grown spectacularly as a result.

Last year Macau’s casino revenues soared to an all-time high of over $33 billion – more than five times the revenue of Las Vegas –[2] and the figures for 2012 show accrued revenues of $15.5 billion from January through May alone.[3]

Like Las Vegas, Macau’s casinos offer far more than poker rooms and roulette wheels. Catering to a far wider market by providing state-of-the-art conference facilities, five-star accommodation, and world-class entertainment, shopping and dining, these new-model casinos have become fully fledged holiday destinations as well as places to gamble.

Macau is now rated as one of the top-five holiday destinations in the world by the World Tourist Organisation,[4] and the area’s newfound wealth has helped to make it the world’s top region for life expectancy, with an average life expectancy of 84.36 years.[5] Attracting workers from all over the globe to work in, serve, and build its new casinos, hotels, restaurants and associated stores, Macau is now one of the most densely populated areas on the planet.

While Macau is a special case, other Asia Pacific countries have eyed the success of the region as an encouraging reason to go ahead with casino resort plans of their own, with resorts opening in both the Philippines and Singapore in recent years.

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[1] China Tour Online: http://www.chinatouronline.com/china-travel/macau/macau-tourism/index.html

[2] Forbes: http://www.forbes.com/sites/forbestravelguide/2012/05/23/3139/

[3] Practical Stock Investing: http://practicalstockinvesting.com/2012/06/05/macau-gaming-in-may-2012-a-small-month-on-month-gain/

[4] Wikipedia – World Tourism Rankings: http://en.wikipedia.org/wiki/World_Tourism_Rankings#Asia_and_the_Pacific

[5] EmpowHER: http://www.empowher.com/community/ask/why-macau-top-countryregion-life-expectancy-birth-average-8436-years