Gambling venues are opening across Asia to lure Chinese bettors from Macau—home to Las Vegas brands Wynn and Sands
American gambling companies that have won big in Macau in recent years are facing increased competition from casinos popping up across Asia to lure away Chinese high rollers and tourists.
Macau’s gambling revenue was $37 billion in 2018, six times that of the Las Vegas Strip and more than double that of the rest of Asia combined, based on Fitch Ratings estimates. But Macau’s gambling revenue growth fell to its lowest level in three years last month, led by a continued decline in big-spending gamblers.
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