By Tom Bateman, Regional Sales Manager
If you think that Las Vegas is the gambling capital of the world, then you may not have heard of Macau, China. Macau is an island territory in Southeast Asia, and has been rapidly expanding for over a decade. Coined and once trademarked as “Asia’s Las Vegas”, the Cotai strip in Macau has experienced a burst of expansion over the past ten years, with its annual revenue growing from $2.8 billion in 2002 to $44.1 billion in 2014. As a comparison, The Las Vegas Strip in Nevada generated $6.5 billion in 2014 and has experienced nowhere near the same exponential growth and development over the same period of time. Many hotels on both strips are owned by Las Vegas Sands Corp. (LVSC), a leading global developer of destination properties.
With a strip comprised of lavish hotels comparable to that of Las Vegas, the Cotai Strip expects billions of dollars in development to go towards sports facilities, hotels, entertainment centers, golf courses and more in the next 3 to 5 years. As you might expect, the two gambling cities share a lot in common. Both feature hotels like The Wynn, Rio, MGM, and The Venetian making up their bright skyline, and they both have a need for the best in entertainment equipment.
Staging Concepts was excited to be involved in one of the many development projects taking place on the Cotai Strip, and we are confident our stage will contribute to the success of a world class hotel brand. If you’re seeking an exotic gambling experience, Macau is a must for your consideration; and if you do make it there, don’t forget to check out a live event on the Staging Concepts stage at the Studio City Event Center.