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If you’re looking for a casino resort, Las Vegas isn’t the only place to search. Asia is a popular destination for grandiose casinos, and as economies on the continent improve, so will the gambling industry. Countries like Macau and the Phillippines are competing with Las Vegas, and offer stunning resort experiences in superior locations. The former Portuguese colony was given back to China in 1999 and acts as a special administrative region with its own separate government. The regional economy is reliant on casinos with around 80% of total tax revenue coming from casino gaming.
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Casino gambling was legalised in the region in 1962, opening the door for some of the most magnificent casinos on the planet. With more large casino resorts, the unemployment rate dropped significantly. The Venetian Macao is a hotel and casino resort owned by Las Vegas Sands.
The casino hotel has 39 stories and covers 10,500,000 sq ft. All of this makes The Venetian Macao the largest casino in the world, the largest single structure hotel building in Asia, and the seventh-largest building in the world in terms of floor area. Besides hospitality and casino games, there are areas for shopping and business conferences making it the ideal place for business and pleasure (if you can afford it).
There’s also a 15,000-seater arena used for sports and entertainment called the Cotai Arena. The Parisian Macao is also owned by Las Vegas Sands and features an Eiffel Tower replica at half the size of the original. It’s relatively new, opening in 2016, and has around 3000 hotel rooms, nearly 200 shops and a 1,200-seat theatre where shows like Thriller Live have taken place. As you can tell from the name, the theme for The Parisian Macao is Paris. There’s a retail arcade with brands such as Adidas and Calvin Klein.
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The name might sound familiar to people with interest in films. It comes from Metro-Goldwyn-Mayer, the film studio bought by Kirk Kerkorian and through numerous business deals, the studio’s name was reduced to its initials and became part of a joint venture between MGM Resorts International and Pansy Ho, a billionaire and daughter of Stanley Ho (the owner of our next casino in the list). The 35-story, 600-room casino resort opened in 2007 and cost $1.25 billion (USD).
Like the others, it has a wide range of restaurants and bars as well as space for businesses and weddings. Remember when we mentioned Pansy Ho and her father, Stanley Ho? Well, his company SJM Holdings owns the Grand Lisboa.
The casino has 47 floors, 800 gaming tables and a 1,000 slot machines. It doesn’t hold the same stature as the other casinos but it has the distinction of being the tallest building in Macau.
It was also the first Macau casino to offer Texas hold ’em poker and craps. Singapore has an illustrious economy and ranks in the top-3 in the world for foreign exchange centres, finance, oil trading, and casino gambling market (where they rank 2nd). Within that market, Singapore have two of the biggest casinos in the world Marina Bay Sands is owned by Las Vegas Sands like Parisian Macao and The Venetian.
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It cost $8bn (Singaporean dollars) to build including land costs. The resort hotel has 2,561 rooms, a convention-exhibition centre, a mall, a museum, two large theatres, and the world’s largest atrium casino. And that’s just some of the features in the resorts. This casino is part of Singapore’s Resorts World Sentosa which also includes a Universal Studios theme park, a water park, and an aquarium. At the time of construction, it was the third most expensive building ever. In the casino, natives and residents are charged a $100 fee per entry or $2000 annually and that doesn’t include the regulatory spend of 50% imposed by the government. Their money goes to public and charitable causes but foreign visitors can enter for free as long as they provide their passport.
Think of them as wager requirements for residents and no wagering for foreign tourists. The Far East nation have a glut of casinos governed by the Philippine Amusement and Gaming Corporation (PAGCOR), who collect the third-most revenue for the Philippines.