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Macau's Wealth Surges Thanks to Gamblers

Monday, March 31, 2008

HONG KONG, China -- As reported by the China Post: "Surging gambling revenue and investments in luxury hotels and the entertainment industry has made the former Portuguese enclave of Macau Asia'sMacau casinos
Macau casinos
  richest territory, a media report said Saturday.

"Macau has overtaken other locations such as Singapore, Brunei and Japan to take the top spot after gross domestic product (GDP) per capita surged 27 percent to US$36,357 last year, according to Macau government figures.

"The results from the statistics and census service show that in U.S. dollar terms, Macau, with a population of 531,000, is the world's 20th richest economy, the South China Morning Post said.

"...The rise in per-capita GDP was buoyed by a 47 percent increase to US$10.34 billion in gambling revenue last year..."

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