Looks like US casino operators are hedging their bets by putting money down in Macau. The Chinese gambling center is no secret to the international jet-set, but the buffet baffoons wearing sock with sandals in 'sin-city' probably never heard of it. With Vegas slowly coming back to where it was, Macau is flying high right now, catering to what must be a higher class of gamer. Which just goes to show you that recessions do not touch the rich.
Vegas is down because it caters to the convention and blue-collar slob crowd these days - the first two groups that would cancel at the drop of a hat. Macau, Monte Carlo? They still know where the real money is - with the Whales. These high-rollers are not swayed by foot-long hotdogs or the world's biggest margarita...
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