Asian Investors Bet on Vegas for Chinese Tourism

Submitted by Guest on

Written by :

Guest

Published on :

LAS VEGAS — (Associated Press) - Sin City and Asian investors are going all in on Chinese tourism as some of Las Vegas’ latest developments on and off the Strip target Chinese nationals and Chinese-Americans.

The Chinese have been regulars along the resort corridor for decades.

Now, officials and developers intent on capitalizing on burgeoning Chinese wealth and Asian-American population growth are courting them in a major way.

Nonstop flights from mainland China are planned for the first time, and two Asian-themed casinos will be among the first post-recession additions to Sin City’s glittering skyline.

The new hotel-casinos boast of plans for what some other resorts such as the MGM Grand, Wynn and Venetian have quietly offered for years. Guests will be treated to familiar foods, Chinese-speaking service employees and the table game of choice, baccarat.

“The Chinese do quite enjoy a very Chinese experience. They do gravitate toward Asian amenities. At Wynn Macau, it’s mostly Chinese restaurants and menus in Chinese,” said Alex Bumazhny, gambling analyst with Fitch Ratings.

The Lucky Dragon Hotel and Casino, financed with money from Chinese investors, will hold its grand opening Dec. 3, and Resorts World Las Vegas is set to begin construction in earnest by year’s end.

Related Content

Illinois Groom-to-Be Sues DraftKings After Gambling Away Entire Wedding Fund

Illinois Groom-to-Be Sues DraftKings After Gambling Away Entire Wedding Fund

Dane Miller claims DraftKings should have known he exhibited signs of being a degenerate gambler after he opened his account in 2020.
World Cup Bookie Solution: PPH Betting Markets for Norway vs. France

World Cup Bookie Solution: PPH Betting Markets for Norway vs. France

As we look at the Norway vs. France World Cup match and see France as a -160 favorite seeing 60% or more of the backing, it's important to understand that favorites have won approximately 39 of the 66 completed matches, for a win rate of around 59%. Draws and upsets have accounted for the remaining 27 matches.
PPH World Cup Game Prop Bets - Japan vs. Sweden - Affordable Sportsbook Software

PPH World Cup Game Prop Bets - Japan vs. Sweden - Affordable Sportsbook Software

Using affordable bookmaking software is one way bookmakers and agents can benefit from this year's FIFA World Cup, but it's also about the many features and options available that keeps gamblers coming back for more.
Is Kalshi Gambling or Trading? Prediction Markets Enter Sports Betting's Gray Area

Is Kalshi Gambling or Trading? Prediction Markets Enter Sports Betting's Gray Area

Prediction markets are no longer sitting on the fringes of sports betting. They are becoming one of the industry's biggest talking points.