MGM Grand Macau Rings Up US$6.6M in First Two Days
Putting the cap on what will be another phenomenal year for Macau's gaming biz, the MGM Grand Macau is reported to have rung up 51.5M Patacas, US$6.6M, in its first two days of operations.
Macau's 28 casinos as a whole appear to be headed for 11 figures in overall revenue - 83B Patacas (US$10B) for the 2007 calendar year... an increase of just over 45%, with December 2007 accounting for about 10% of the total figure.
This is particularly interesting since the casino game of choice in Macau, baccarat, has the lowest house advantage of any game offered there. That give some of you who've never been to Macau an inkling of the sheer volume of play that is going on... both VIP and mass market.
Correction: The title of the article mistakenly had a B instead of an M. Correction #2: Link to source added.
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The boss sent Chuckmonster to Macau to bring back the scoop on what Asia's Las Vegas is all about. Follow along as Chuck deals with all the questions, logistics, travel issues, language barriers, hotel construction stuff, the lack of craps tables and all the other obstacles that any/every Macau and Cotai tripper might have to deal with.