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Macau Downturn

It’s been many years since Macau eclipsed the Vegas Strip in terms of sheer number of casino resorts, customers through their doors and revenue generated. There might still be may who’ll argue that Las Vegas remains the spiritual home of the modern casino – and there might be a few who would say Monte Carlo is the original and the best. But it’s hard to ignore what Macau has done for the casino resorts, and hard to deny the huge success the tiny city state has seen.

But in the past year or so we’ve been seeing negative news stories coming out of Macau – the first signs, perhaps, that all is not well in the world of the casino resorts. For a long time, and even through a global financial downturn and its aftermath, casino resorts have continued to grow and to expand the facilities they offer their customers. To see the pokie machines lined up, row after row, as far as the eye can see, you would think that there’s nothing to worry about, but Macau government statistics tell a different story: revenues in the casino resorts have dropped every month for the past two years.

There are a few reasons this might be the case, with the wider economy and Chinese government policy both playing a role, but there’s another factor: the online casinos. Those football-field-sized halls of pokie machines are a mind-boggling sight, but the fact of the matter is that the casino resorts offer a fraction of the selection of the top online casinos. With literally thousands of Online Pokies available at the push of a button, and no longer even restricted to your home thanks to mobile casinos on your smartphone and tablet, the online casinos provide some stiff competition for casino resorts in Macau and all around the world. No doubt the bricks-and-mortar casinos will continue to improve and expand so long as investors see profit to be made, but the online casinos are improving all the time, too, and we wonder if they aren’t able to innovate and develop that much more quickly. Check in to one of the best online casinos in the world – the ones we recommend to you here at OCG – and you’ll see what we mean…

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