User talk:Macau DV/Macau Gambling/Future

This is the page to put info regarding the future of Macau- trends, etc

Researchers:

By the year 2020, Macau’s revenue will be more than all of Northern American casino’s combined. Macau has the largest single mixed-use tourism project at over US$20 billion ever built anywhere on earth. In ten years, time there will be 60,000 hotel rooms in the Cotai area alone that will dwarf Las Vegas, Atlantic City, Monaco and Genting combined. World casino gaming is a $68 billion industry and is expected to grow by 10 percent in the next five years to $100 billion.

Casino gaming is an $8.8 billion industry in the Asia-Pacific region and is projected to reach $18.5 billion by 2009. Because of the positive trend in casino operations in Asia-Pacific, US casino operators are now investing heavily in the region.

Most of Macau’s attractions are clustered around the peninsula’s centre - it’s a hilly but rewarding walk from church to fort and back again. Land reclamation at the foot of the peninsula has increased Macau’s acreage by 20% and created the two artificial Nam Van Lakes.

Taipa Island is linked to the peninsula by two bridges, and a causeway links Taipa with Coloane - but watch this space, as there are ambitious plans to merge the two islands courtesy of a mega-reclamation business and residential project called Cotai City. The new Lotus Flower Bridge connects Taipa to the Chinese mainland and meets the Guangzhou-Zhuhai highway. Another Mega project will be the Hong-Kong-Macau-Zuhai Bridge.

As the Chinese economy expands and travel and visa policies are relaxed, more and more people are expected to make the trek to Macau. There are more than 100 million people within a three-hour drive and more than 1 billion people live within an easy plane flight of Macau. The World Travel Organization estimates that China will grant 150 million worldwide travel visas in 2020, up from 20 million in 2005. Statistics from Beijing University’s China Center for Lottery Studies (CCLS) shows that 600 billion yuan (US$72.5 billion) flow out of the country in gambling stakes every year.

Hyun young SONG