Casino Chan and other land-based casinos are becoming more popular. But land-based casinos still have a lot of fans. These are the 5 countries which get the greatest profits.
China
Although gambling is officially banned in mainland China, the tourist centers of Macau and Hong Kong are considered one of the world’s gambling capitals.
According to various estimates, gambling businesses in these and other Chinese cities generate a turnover of $37.9 billion a year.
That is why China is one of the leading countries in implementing various technologies to track money flows in gambling and to combat illegal gambling.
For example, Macao has installed ATMs with facial identification. This technology is needed to verify the identity of the person who withdraws money with a card from the Chinese bank UnionPay.
USA
The center of gambling in the United States is not only Las Vegas but also many other states with a total revenue of about $30.4 billion a year.
Now more states in the U.S. are preparing to legalize gambling and sports betting, companies are developing technology to pay in casinos using cryptocurrency, and even Elon Musk is about to build his tunnel under one of the new casinos in Nevada.
The situation in New York City is telling: because of the quarantine and the shrinking office rental market, the state is facing a serious budget deficit.
To solve this problem, the authorities of New York are considering creating a casino in the central part of one of the world’s major metropolitan areas.
Some experts suggest that in the next few years, New York City could become the new Las Vegas.
Japan
Just this summer, authorities in the Japanese city of Yokohama announced the creation of a casino complex or “integrated resort” costing $3.4 million. Moreover, the cost of developing the resort was included in the city’s budget for 2021.
And it’s an obvious investment on the part of the government, since gambling in Japan earns nearly $20 billion annually.
Investors in the construction of a new casino complex in Yokohama could include Galaxy Entertainment Group Ltd, Genting Singapore Ltd, Melco Resorts and Entertainment Ltd, Sega Sammy Holdings Inc and Shotoku Corp.
Some of these businesses are casino operators in Macau, Singapore and elsewhere, and some represent the global entertainment industry.
Las Vegas “giants” Wynn Resorts Ltd and Las Vegas Sands Corp were also interested in building a casino in Yokohama, but these companies did not pass the state selection process.
South Korea
Another Asian country that also gets a lot of money from casinos.
Of course, not as much as other states, but given the size and population of South Korea – additional business with a turnover of $5.6 billion a year will clearly not be unnecessary for this country.
True, as in other countries, a serious challenge to the gambling industry was a quarantine – many casinos were forced to close during the pandemic COVID-19.
The country’s lockdown was supposed to end on December 29, but the strict quarantine was last extended until January 17. During this time, South Koreans could not congregate in groups of more than five people, and most businesses operated until 9 p.m.
One of Korea’s largest gambling operators, Grand Korea Leisure Company Limited, had forecast a loss of about $19.45 million because of the quarantine, but the company recently raised its forecast to $24.47 million.
Germany
The top five countries that earn the most money on gambling in the world, followed by Germany.
Although, in fact, Germany shares this position with Great Britain – the countries receive about $4.5 billion a year thanks to their gambling establishments.
At the same time, more than half of this money ends up in the national budget because of the complicated taxation system.
