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pacomartin
pacomartin
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December 1st, 2010 at 1:46:51 PM permalink
Macau gaming revenue hit $2.13 billion for the month of November, a 42% increase over last year. In comparison the Vegas strip revenue was $2.87 billion in table games and $2.78 billion in slots for an entire year.

You would think that the Chinese would consider opening another gaming center near the mega cities of Beijing or Shanghai. Macau is about 750 miles from Shanghai, and over 1200 miles from Beijing,
DJTeddyBear
DJTeddyBear
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December 1st, 2010 at 1:51:46 PM permalink
While I am not knocking Macau's bigger handle, what is the exchange rate and consumer value of their dollar?

I.E. A typical minimum bet at a BJ table is $5 in Vegas. How much is the typical minimum bet at a BJ table is Macau?
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition.
shortow
shortow
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December 1st, 2010 at 2:33:53 PM permalink
Quote: DJTeddyBear

what is the exchange rate and consumer value of their dollar?



Not sure how this is relevant when the quoted revenue figure is $US anyway?

The Asian appetite for gambling seems insatiable. While is Macau going through the roof, Singapore is fast catching (or has already caught?) Vegas in revenue terms. Hard to fathom really.
ElectricDreams
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December 1st, 2010 at 2:37:39 PM permalink
And Las Vegas Sands can keep makin' me money because of it!

Singapore is silly to only allow two casinos, by the way. I think they'll loosen up eventually.
Ayecarumba
Ayecarumba
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December 2nd, 2010 at 12:08:48 PM permalink
Incredible numbers. Many of the whales would be going to Vegas if they didn't have a destination in their backyard.

How is the revenue divided? Does the government take half?
America is all about speed. Hot, nasty, bad-ass speed. - Eleanor Roosevelt, 1936
Ayecarumba
Ayecarumba
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December 2nd, 2010 at 3:38:53 PM permalink
I thought there was some sort of amusement park as part of the Marina Sands too (Universal Studios?).
America is all about speed. Hot, nasty, bad-ass speed. - Eleanor Roosevelt, 1936
HKrandom
HKrandom
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December 2nd, 2010 at 7:36:31 PM permalink
Quote: DJTeddyBear

While I am not knocking Macau's bigger handle, what is the exchange rate and consumer value of their dollar?

I.E. A typical minimum bet at a BJ table is $5 in Vegas. How much is the typical minimum bet at a BJ table is Macau?



I saw some $30 tables but they were quite rare, $50 and up is what I mostly see. I only go to the 'nicer' casinos so I guess you could find smaller minimums by going to small local casinos. Not so many people play blackjack though, for every blackjack table there are probably more than 20 baccarat tables. Most Baccarat tables have a minimum bet of HK$500 ($75) with some tables having HK$300 (US$45). At the Wynn the lowest minimum on some baccarat tables is only HKD200 ($30) but I didn't see anyone betting the minimum when I went, some teenager was actually betting $2500 on each side bets ($7500 total) and another guy was betting tens of thousands of Hong Kong dollars per hand, and this was not a high limit table! The minimum at high limit tables in the Wynn is HKD3000 ($450) and limits in VIP rooms are completely insane. I went there on a Sunday night (technically Monday morning) and it was quite full.
EvenBob
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December 2nd, 2010 at 9:47:32 PM permalink
Quote: HKrandom

I saw some $30 tables but they were quite rare, $50 and up is what I mostly see. I only go to the 'nicer' casinos so I guess you could find smaller minimums by going to small local casinos. Not so many people play blackjack though, for every blackjack table there are probably more than 20 baccarat tables. Most Baccarat tables have a minimum bet of HK$500 ($75) with some tables having HK$300 (US$45). At the Wynn the lowest minimum on some baccarat tables is only HKD200 ($30) but I didn't see anyone betting the minimum when I went, some teenager was actually betting $2500 on each side bets ($7500 total) and another guy was betting tens of thousands of Hong Kong dollars per hand, and this was not a high limit table! The minimum at high limit tables in the Wynn is HKD3000 ($450) and limits in VIP rooms are completely insane. I went there on a Sunday night (technically Monday morning) and it was quite full.



Asian's are frequently syndicate bettors, they're not betting their own money. A group gets together a lot of money and sends the best player to make the bets, and trusted overseer's to watch and make sure everything is kosher. They do it in the States too, all the time.
"It's not enough to succeed, your friends must fail." Gore Vidal
EvenBob
EvenBob
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December 2nd, 2010 at 11:00:29 PM permalink
Quote: pacomartin

They send their best player to play in a game of pure chance. What does that say that this culture is building one of the most sophisticated infrastructures in the world.



Its not pure chance to them, its destiny. I guarantee most of those big players in Macao are representing syndicates all over China. Its completely legal and makes sense. If you can't go, give your money to somebody who can. I was told this by dealers when I was playing bac a few years ago. I was curious why some guy who was wearing $22 worth of clothes had $5000 on him every time he came in.
"It's not enough to succeed, your friends must fail." Gore Vidal
HKrandom
HKrandom
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December 4th, 2010 at 8:17:52 PM permalink
Most of the big players I see there wear a lot of jewelry and designer clothes, I'm pretty sure most of the money they put on the table is their's but I might be wrong.
On most hands people usually ride the player betting the most, which explains why the revenues from baccarat vary so much.

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