• $
  • £

The world's richest countries - PHOTO

The world's richest countries - PHOTO
03.07.2014 17:30
Macau, the world's biggest casino hub, has overtaken Switzerland in the wealth stakes, being named the world's fourth richest territory by the World Bank.A new batch of data released by the World Bank showed the former Portuguese colony's GDP per person grew to $91,376 in 2013, compared to $77,196 in 2012.Only Luxembourg, Norway and Qatar are wealthier, according to the World Bank.Meanwhile, Swiss per capita GDP stayed nearly flat at $80,528 in 2013 compared to $78,929 the year before.That's the good business news from Macau.The bad news is that its casino industry's revenues have declined for the first time in nearly five years, as gamblers turn their attention to the World Cup. 10 things to know before visiting Macau 10 things to know before visiting MacauThe former Portuguese colony made $3.4 billion from gambling in June, 3.7% less than in June last year and down 18% month-on-month.Macau is the world's top spot for the gambling industry, reporting a staggering $45 billion in gambling revenues last year -- nearly seven times the $6.5 billion that casinos in Las Vegas made during the same period.According to analysts, the sudden dip can be attributed to the month-long football World Cup prompting punters to swap casinos for online sports betting.The casino hub has been further hit by a large anti-corruption police investigation last month, which led to a crackdown on an international gambling ring that was operating an illegal $600 million World Cup betting operation out of a hotel in Macau.(CNN)Bakudaily.az
Similar news
Similar news
Marco Rubio vows US will strictly enforce Cuba economic isolation
World 16:30
Marco Rubio vows US will strictly enforce Cuba economic isolation
Turkey, Saudi Arabia, and Pakistan to sign joint defense agreement
World 12:30
Turkey, Saudi Arabia, and Pakistan to sign joint defense agreement
Ukrainian drones attack Wildberries warehouse in Yekaterinburg
World 11:30
Ukrainian drones attack Wildberries warehouse in Yekaterinburg
Pezeshkian: Neighbors thwarted efforts to destabilize Iran
World 10:00
Pezeshkian: Neighbors thwarted efforts to destabilize Iran
Russia points to dramatic collapse in trade turnover with Armenia
World 15:30
Russia points to dramatic collapse in trade turnover with Armenia
Armenia and Turkey hold working group meeting on restoring Ani Bridge
World 17:29
Armenia and Turkey hold working group meeting on restoring Ani Bridge
Pashinyan sharply criticizes Armenian defense minister over non-combat military deaths
World 17:00
Pashinyan sharply criticizes Armenian defense minister over non-combat military deaths
Casualties rise in Russia amid intensifying cross-border drone strikes
World 13:30
Casualties rise in Russia amid intensifying cross-border drone strikes
US revokes Brazilian ambassador's visa amid diplomatic tension
World 12:00
US revokes Brazilian ambassador's visa amid diplomatic tension
Anews TV

Our official Youtube channel

Subscribe