18 Oct. ’09 ~ Macau Casinos Expand in Spite of Online Casino Ban
Macau Casinos Expand in Spite of Online Casino Ban
While China has recently banned online casinos, the region of Macau continues to see massive gains in the casino industry. As one of the largest locations for casino gambling in the world, Macau continues to thrive and expand despite the weak economy world wide.
Earlier this year, MGM Mirage had entered a partnership with one of the largest casino operators on the globe, Pansy Ho. This partnership saved MGM Mirage from bankruptcy, and continues to show the world precisely how sound of a business plan this was. Their casino in Macau is facing expansion, bringing even more gambling to those who would visit the region of China on the western edge of the Pearl River Delta.
The new expansion in Macau is expected to reduce MGM Mirage’s debt by over $2 billion dollars. With projects and investments all over the world, MGM Mirage needs every penny they can accumulate to help advance the company’s agenda. While competition in Macau and the States heats up, MGM Mirage sees more adversity from its competitors, particularly Wynn Macau Ltd. and the Las Vegas Sands Corporation.
Macau is one of the few gambling havens that has been showing consistent profits in recent times. Casinos for USA Players have had trouble keep their head’s above water, but Macau has been barreling through the recession in the way that bricks do not hang in the sky. Macau has one of the most powerful tourism businesses in the world, making it one of the wealthiest cities on Terra Firma.