Macau is going where the money is with VIP gamblers but it's anyone's guess whether that will end up paying off for the city.
This is certainly welcome news for Wynn and Sands, both of which have mega resort-casinos opening in Macau later this year.
Wynn Resorts, Las Vegas Sands and MGM Resorts all intend to expand in Macau despite strong signals that the boom times may be over, for now at least. It might be time to rewrite the playbook.
It'll be interesting to see if this family-friendly theme park can compete with Disneyland Shanghai--or Disneyland Hong Kong--for that matter.
There are plenty of wealthy Chinese travelers and gamblers with pockets full of cash to spend, as Wynn put it, even as the Chinese economy sees a slow down. Signs already point to Macau's casinos bottoming out and bouncing back.
Macau is an example of an emerging meetings destination that will see U.S. market growth on the backs of its U.S. hotel partners like Sheraton and St. Regis, but the challenges are significant due to the region's reputation as the "Las Vegas of the East."
All of these videos do a good job of immersing the viewer in the travel experience, but what makes them stand out is how they connect with the viewer on an emotional level.
Macau is playing a very dangerous game and it is courting economic disaster.
Every boom is followed by a bust. But before that bust is total and complete, things tend to get a little crazy.
There's some advice in here about a wise man not building his house upon the sand.