And yes, more Las Vegas than Monaco, even though it is a 2 hour drive from where I live. Monaco is not famous for casinos (plural), it is famous for one particular casino, that is the Monte-Carlo casino.
And if they specified Asia, Macao would have popped up in my mind. As for the "fraud" part, casinos and fraud go well together, at least in popular culture. Which is a bit ironic considering that apparently, the scam businesses took over as casinos closed down during the COVID-19 pandemic.
The Xi Admin cracked down on Macau around the 2016-18 period as part of the larger crackdown.
It was during this time that most of the gambling (in reality money laundering) operations moved abroad to Phillipines, Cambodia, Myanmar, etc.
Like, if you like on the American east coast, and enjoy gambling, Vegas may be a place that you'd like to go, but you have other closer options.
Macao has not only China but is a quick flight for most of the world's population, particularly NE and SE Asia, and most importantly most people are not residents of Macao. In East Asia, where gambling is allowed it's usually not permitted for the residents of the country (e.g. Singapore)
singaporeans are definitely not "not permitted" to gamble.
i suspect you mean the thing with the casinos. singaporeans can enter, though they have to pay an extra fee. and besides the casinos, singaporeans also bet on 4d, toto and football in betting shops all over the island.
But for gambling revenue, Las Vegas was passed out by Macau back in 2007 already: https://www.reuters.com/article/macau-revenues/the-worlds-ca...
And [2] second graph says "Macau [Gross gaming revenue ($bn)] has regained lead from Las Vegas as world’s top gaming hub" in 2023; LV was briefly > Macau for the three years 2020-2022. (Also shows visitor arrivals from mainland China recovered since 1/2023).
Yes, even post-Chinese crackdowns (2012- ongoing, and also in 2021) on corruption.
[0]: https://www.ft.com/content/417f2513-37b2-4900-ac36-4729df36a...
[1]: graph 3 from that FT article https://www.ft.com/__origami/service/image/v2/images/raw/htt...
[]: FT 3/2024 "Macau roars back as gamblers return to ‘Las Vegas of the east’" https://www.ft.com/content/918d868a-e862-45e0-9072-e79461159...
I've never been to Macau before although I've been to HK a few times. The only time I've seen a Chinese casino was in Manilla (near T3 of the airport), and I'm almost positive that one at least, was related to money laundering.
>South East Asia correspondent
>Reporting from Shwe Kokko, Myanmar
Before the article even started.