• $
  • £

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

EU approves 'One Europe – One Market' roadmap
World 18:00
EU approves 'One Europe – One Market' roadmap
Kaja Kallas: Talks with Iran should include nuclear experts
World 17:30
Kaja Kallas: Talks with Iran should include nuclear experts
Kaja Kallas: Iran talks must include nuclear experts or Tehran will be more dangerous than before
World 13:30
Kaja Kallas: Iran talks must include nuclear experts or Tehran will be more dangerous than before
Iran holds talks with Russia on new units at Bushehr Nuclear Power Plant
World 13:00
Iran holds talks with Russia on new units at Bushehr Nuclear Power Plant
Axios says Iran laid additional mines in Strait of Hormuz
World 10:30
Axios says Iran laid additional mines in Strait of Hormuz
Israeli military says launches from Lebanon intercepted
World 09:30
Israeli military says launches from Lebanon intercepted
Azerbaijan climate envoy urges urgent action over Caspian Sea shallowing
Society 16:30
Azerbaijan climate envoy urges urgent action over Caspian Sea shallowing
Armenia, France to sign strategic partnership document in early May
World 15:00
Armenia, France to sign strategic partnership document in early May
Russia invited to G20 summit in U.S., no decision yet on attendance
World 13:30
Russia invited to G20 summit in U.S., no decision yet on attendance
Anews TV

Our official Youtube channel

Subscribe