The world’s largest casino market experienced a 70.5% drop in year-over-year gambling revenue in November, which was the best month it had since the COVID-19 pandemic began wreaking havoc in February.

Macau’s casinos won $845.34 million from gamblers in November, according to numbers released by the Gaming Inspection & Coordination Bureau. It’s actually down from the $910 million casinos won in October, but the percentage decline was slightly better in November.

Following six months with more than 90% drops in revenue year-over-year, the market is beginning to show signs of a rebound. However, analysts were expecting a slightly better month with a 60%-65% fall, according to a Reuters report. Those same analysts believe it will be well into 2021 before casinos return to pre-pandemic levels of revenue.

Through the first 11 months of 2020, Macau gambling revenue is down 80% compared to the same time frame last year. June was the worst month of the year for operators with $89.7 million in revenue.

Earlier this year, the Chinese government had very strict travel restrictions on anyone trying to travel to the former Portuguese colony. As they have relaxed those mandates, tourism saw an uptick. Now, travelers from China only require a negative test before arrival.

In November, hotel occupancy reached 45 percent and the daily average tourists were more than 20,600, according to numbers released by the Council for the Development of Tourism. Both of those figures were the highest since the pandemic began.

Casino Porte – Macau, China. Surprisingly, many of the world’s largest casinos are located in China, not Las Vegas. Macau, China really does have the monopoly on the largest, most impressive casino sites across the world. Situated on a World Heritage ‘Historic Centre of Macau’ site, Casino Porte sits across almost 270,000 sq. Coronavirus Shuts Macau, the World’s Gambling Capital As officials in China and the region battle the mysterious outbreak, companies like Wynn and Las Vegas Sands could take a hit. The Venetian is a 39-story, casino hotel on the Cotai Strip in Macau. The 10,500,000-square-foot (980,000 m 2) Venetian Macao is modeled on its sister casino resort The Venetian Las Vegas. The Venetian is a 39-story, casino hotel on the Cotai Strip in Macau. The 10,500,000-square-foot (980,000 m 2 ) Venetian Macao is modeled on its sister casino resort The Venetian Las Vegas. The Venetian Macao is the 2nd largest casino in the world, the largest single structure hotel building in Asia, and also the seventh-largest building in.

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The Venetian Macao (Chinese: 澳門威尼斯人) is a luxury hotel and casinoresort in Macau owned by the American Las Vegas Sands company. The Venetian is a 39-story,^[1] casino hotel on the Cotai Strip in Macau. The 10,500,000-square-foot (980,000 m²) Venetian Macao is modeled on its sister casino resort The Venetian Las Vegas. The Venetian Macao is the 2nd largest casino in the world, the largest single structure hotel building in Asia, and also the seventh-largest building in the world by floor area.

The main hotel tower was finished in July 2007 and the resort officially opened on 28 August 2007.^[2] The resort has 3,000 suites, 1,200,000 sq ft (110,000 m²) of convention space, 1,600,000 sq ft (150,000 m²) of retail, 550,000 square feet (51,000 m²) of casino space – with 3,400 slot machines and 800 gambling tables and the 15,000-seat Cotai Arena for entertainment and sports events.

The lead architect for the Venetian Macao were Aedas and HKS, Inc. joint venture, who were responsible for the design, coordination and implementation of the project on site.^[3]

Casino[edit]

The casino measures 546,000 sq ft (50,700 m²).^[4] It is further divided into four themed gaming areas—namely, Golden Fish, Imperial House, Red Dragon and Phoenix. The casino consists of over 6,000 slot machines and 800 gambling tables.

The hotel offers a club called Paiza Club which caters to premium guests. The club comes with its own entrance, lobby, reception, and guest lifts to the rooms. The gaming area of the Paiza Club is divided into individual private gaming rooms each named for notable Asian cities and regions such as Yunnan, Guangzhou, Hong Kong, Singapore and Kuala Lumpur.The guests of the club have exclusive access to the club dining outlet, the Paiza Club Dining & Lounge, which is open 24 hours a day.

Design[edit]

The hotel uses Venice, Italy, as its design inspiration and features architectural replicas of various Venetian landmarks.

Accommodation[edit]

The hotel tower offers 2,905 suites. The accommodation floors go from level 7 up to level 38. These floors are served by guest lifts.

Paiza suites are reserved for premium guests. The largest is the Presidente, a 12-bay suite with four bedrooms.

Entertainment[edit]

The Cotai Arena (formerly known as the Venetian Arena) is an indoor arena, opened in 2007 with a seating capacity of 15,000. It hosts sporting events such as basketball, tennis, and boxing, as well as concerts and international televised awards shows.

Zaia[edit]

Zaia, a 90-minute stage production by the Canadian entertainment company Cirque du Soleil, ran between 27 August 2008 and 19 February 2012 in a custom-built theater at the Venetian Macao. The show, directed by Neilson Vignola and Gilles Maheu, featured a cast of 75 circus artists.^[5] The show's theme was a young girl's perception of the stars and planets, space and infinity, populated by otherworldly creatures. The theater housing the performance seated 1,800 spectators at a time.^[6]

Controversies[edit]

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World Biggest Casino Macau

On 12 November 2008, the gates were locked to the construction labour force from a variety of Asian countries as projects were suspended. Hsin Chong, the project manager for the Venetian, laid off approximately 400 staff. As many workers had been there for less than two years, no severance was due. The next day, Sands' president for Asia announced that up to 11,000 workers would be losing their jobs as the company was halting building projects in Macao.^[7]

In 2010 the Chinese press reported that as part of a 'sex-trade crackdown' authorities had found more than 100 prostitutes inside the casino.^[8]

In early 2011 the United States Department of Justice and the U.S. Securities and Exchange Commission initiated an investigation into the Las Vegas Sands Corporation with respect to the compliance of its Macao properties with the Foreign Corrupt Practices Act.^[8]

See also[edit]

• Cotai Jet – owned by The Venetian Macao, operating high speed Catamaran ferry services between Taipa Temporary Ferry Terminal and Hong Kong-Macau Ferry Terminal, Hong Kong

References[edit]

1. ^'The Venetian'. Emporis.com. Retrieved 23 June 2014.
2. ^'Venetian Macao press release'. Phx.corporate-ir.net. 27 August 2007. Retrieved 29 January 2012.
3. ^'case study'(PDF). gillespieuk.co.uk.
4. ^'Top-10 Largest Casinos'. Casino City Times. 10 December 2007.
5. ^'The first permanent Cirque du Soleil show in Asia celebrates its world premiere on August 28 at the Venetian Macao-Resort-Hotel – Written and directed by Gilles Maheu'. Cirque du Soleil – Press Release. Retrieved 8 February 2011.
6. ^'Zaia: The Show – Theater'. Cirque du Soleil. Retrieved 8 February 2011.
7. ^'Up to 11,000 Macau workers to lose jobs'. The Standard. Archived from the original on 3 February 2009.
8. ^ ^abBrian Ross (27 January 2012), 'Bribes, Chinese Mob Ties Alleged at Casino of Gingrich Money Man'. ABC News.

External links[edit]

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Coordinates: 22°8′55″N113°33′38″E / 22.14861°N 113.56056°E

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