12/28/2023 0 Comments Macau poker tournament 2024 venetian![]() Now, he is one of many local business owners looking outward for the first time in several years as tourists slowly trickle back to Macao. Nearly three years of intermittent lockdowns and blocked travel from the mainland and Hong Kong had a devastating effect on the city’s primary source of income.īut it also provided time for innovation.Ĭhef Pedro Almeida behind the bar at Three Sardines. Big players like Wynn, Venetian and MGM all have a significant presence in the city.Ĭovid threw that all into a tailspin. Macao only has about 600,000 residents – compared to seven million in Hong Kong – but brings in six times as much revenue as Las Vegas in a typical year.īefore the pandemic, 80% of Macao’s government revenue came from the gaming industry. Often called the “Vegas of Asia,” in pre-pandemic times it wasn’t unusual to see a high-spending “whale” helicopter in and out of the city for a single afternoon at the craps table.Īs a result, the city’s primary economy is the casinos and the businesses supporting them, from hotels to spas to high-end shops. Macao, an hour’s ferry ride from Hong Kong, is the only place in China where gambling is legal. ![]() 'Everything starts to become better': After three years of Covid isolation, China opens its gates ![]()
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