Chinese territory's intake may outstrip Las Vegas
MACAU - Macau may have dethroned the Las Vegas Strip as the world's biggest casino center, according to figures available Wednesday that show the Chinese territory's gambling revenue jumped 22 percent to US$6.95 billion last year.
The former Portuguese enclave has been booming since the government busted up a casino monopoly three years ago and began welcoming U.S. gaming powerhouses like Las Vegas Sands Corp., MGM Mirage Inc. and Wynn Resorts Ltd.
The American companies have been furiously building mega casino and resort projects in the tiny city _ less than one-sixth the size of Washington, D.C. _ on China's southeastern coast. They say they'll do what they did to Las Vegas: transform a seedy, worn-out, crime-ridden town into one of the world's best spots for gambling as well as conventions, glitzy shows, dining and other family entertainment.
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