Move aside, Las Vegas. Macau has long taken over the “Gaming Capital of the World” title. This tiny city, which used to be a part of the Portuguese economy, is now the proud titleholder of being the place to be if you’re fond of the fast gaming and casino life. A little over a decade ago, there were only 11 casinos in Macau. To date, the city is now host to 35 show-stopping casinos including Wynn Resorts, Sands, Venetian and City of Dreams. Critics may say that Macau’s success has halted, following “Beijing’s clamp down on corruption and flashy consumption over the past two years” but in truth, Macau should still be on your next investment priority list. JLL tells us why.
Macau still boasts of amazing financial figures: nearly 30 million people crossed into Macau in 2013, up from 11.5 million in 2002. In 2013, gaming revenues likewise have shot up to about US$45 billion. Each year, visitors numbering roughly 40 to 50 million come to spend their cash. Transportation options from mainland China are also getting better and better including a better railway system as well as a 30 kilometre bridge across the Pearl River Delta. The bridge will make it easier for people to travel from Hong Kong to Macau and vice versa. Of course, not to be left behind are the continuous expansions of the casinos.
Gregory Ku, Managing Director at JLL Macau, says that these developments prove Macau is “very bullish” and that the place is still “very busy.”
These are just a few of the reasons why Macau is a good place to prioritise for investment.
JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate.
Contact JLL at its Hong Kong headquarters: 6/F Three Pacific Place, 1 Queen’s Road East, Hong Kong. Call (+852) 2846 5000
Visit the official JLL Residential website: http://www.jllresidential.com/hk/
Visit the official JLL Property website: http://www.jllproperty.com.hk/en-gb
Visit the officila JLL Macau website: http://www.joneslanglasalle.com.mo/macau/en-gb/
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