Measuring China’s impact on Las Vegas

The post originally appears on http://www.gamblingandthelaw.com/ and we republished with permission.

Everyone in the gaming industry knows that Macau’s casinos suffered large downturns in revenue during the Mainland government’s corruption crackdown. Chinese high-rollers knew that high-stakes gambling became a risky business, far from the baccarat tables. When Beijing sneezes, Macau gets pneumonia.

But what about Las Vegas?

Macau is only one-sixth the size of Washington, D.C. Yet, in 2013, its casinos, the only legal ones in China, won more than all the casinos in the United States, combined. Almost all of that came from baccarat.