Casino News

Casino popularity 'gives Macau investment potential'

2009-04-16 11:54:35

The popularity of casinos and gambling make the world's richest gaming destination, Macau, an attractive place for British property investors, according to one expert.

Nick Marr, chief executive of Homesgofast.com, said that Macau is his top tip for buying property in China and claimed "it seems a very exciting prospect" as its casino industry continues to grow and tourists pour in.

"The love of gaming and casinos by both the local and international population stands this region in good stead for long-term investment," he remarked.

According to statistics from the Government of Macau Special Administrative Region Statistics and Census Service, Macau was visited by 30.2 million people in 2008.

In the same year, its casinos took approximately £9.15 billion in revenue, figures from the Macau Gaming Inspection and Coordination Bureau show.

There were three more casinos in Macau by the end of 2008 than there were in 2007 and seven more than in 2006.