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The government crackdown on corruption, which may be rampant in many elements of Chinese business, has definitely driven high stakes players from the tables, giving operators more than a nudge to diversify their top-heavy VIP dependent business model.ough, by many indicators, the Chinese economy surpassed the US for world dominance by the Fall of 2014 [in terms of GDP based on purchasing power parity (PPP)] it is still anything but stellar in regards to health and vitality – showing weakness in many sectors. Whereas Wynn Macau reported a disparity of 1....
Las Vegas Sands Corporation seems to have stopped reporting breakout numbers but we can look at 2012 for guidance.1 million and VIP (rolling chip) revenue of 2 million. A shrinking, or less robust economy will certainly drive the numbers at the casinos....
That number plumetted to .3 million to 0 million, and City of Dreams made 3. The volatility of the game is low, meaning players will most often pick up a lot of smaller wins to keep feeding their bankroll in hopes of the bigger feature wins, which can be substantial....
The volatility of the game is low, meaning players will most often pick up a lot of smaller wins to keep feeding their bankroll in hopes of the bigger feature wins, which can be substantial. And although all indications are that the rich are getting richer (precise numbers are impossible to come by because China’s elite do not disclose details to government statisticians) the top 1% are not the only contributors to the VIP tables.8 million from table drop and 4 million from VIP rolling chips....
We have to keep in mind the government motto of, “One Country Two Systems” because the money that flows into Macau comes from the mainland.The government crackdown on corruption, which may be rampant in many elements of Chinese business, has definitely driven high stakes players from the tables, giving operators more than a nudge to diversify their top-heavy VIP dependent business model. The Chinese economy is vast and complicated, and as far as we can know the part of the corruption crackdown that stymied the junkets could be a shakedown that will mysteriously evaporate as soon as the Big 6 in Macau show some interest in neighboring Hengqin....
