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Business Daily: Macau: Gambling Capital of the World

11/07/2013

Macau: Gambling Capital of the World

BBC World Service - Business Daily, Macau: Gambling Capital of the World

Why has the tiny territory of Macau become the world's new gambling capital?

It has biggest casinos in the world and gaming revenues that are six times those of Las Vegas. How has the tiny territory of Macau become the world's new gambling capital?

They used to say that everything is bigger in Las Vegas but that is no longer the case. The world's new gambling capital is Macau. The tiny territory on the South China sea has the biggest casinos in the world, the highest of the high rollers and the biggest gaming revenues - six times those of Sin City. 

Justin Rowlatt visits the Venetian in Macau - the world's biggest casino, complete with singing gondoliers. He speaks to Edward Tracy, the chief executive and president of the  American gaming giant Las Vegas Sands Corporation, China operation and asks why has Macau got so big? He also speaks Leong Sun, vice president of the Casino Workers Union in Macau to find out what its like to work in the gambling industry in Macau. Plus, Justin speaks to architect Paul Steelman about the feng shui of gambling in Macau.

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