Slot machines Photo: VCG
Macao may hold a winning hand in the form of its gambling industry amid an economic diversification push and make itself into a major exporter of gaming products, said the head of a local business association.The Chinese answer to Las Vegas raked in 269.62 billion Macao patacas in gross gaming revenue in the first 11 months of the year, according to data from the city's Gaming Inspection and Coordination Bureau.
By comparison, the western US state of Nevada, home to Las Vegas, collected $12 billion in gaming revenues in the 12 months ended on October 31, showed figures from the Nevada Gaming Control Board - only about one-third of Macao's total.
Macao's reputation as the world's casino capital is a foundation for its future emergence in gambling machine maker, market watchers said.
The size of the global slot machine market is forecast to exceed $24 billion by 2022, according to an industry report published in September 2018.
"Gambling machines made in Macao, the world's largest gambling city, are likely to be well-received across the globe," Ho at INCA said.
Macao could be heading efforts to make chips used in playing cards and develop the probability algorithms for slot machines, he suggested, and the gaming devices could be made in many industrial estates in the city that lie empty or be outsourced to other places.