• $
  • £

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
US Strategic Petroleum Reserve falls to lowest level since 1982
World 11:00
US Strategic Petroleum Reserve falls to lowest level since 1982
Pezeshkian: Tehran has no issue with regional states, US military bases drive tensions
World 10:30
Pezeshkian: Tehran has no issue with regional states, US military bases drive tensions
CSTO no longer a security factor for Armenia, says parliament vice speaker
World 10:00
CSTO no longer a security factor for Armenia, says parliament vice speaker
Drone crosses Moldovan border and returns to Ukraine
World 13:30
Drone crosses Moldovan border and returns to Ukraine
Ukrainian drones strike Ozon logistics hub in Russia's Saratov
World 14:00
Ukrainian drones strike Ozon logistics hub in Russia's Saratov
Party leader Samvel Karapetyan files defamation lawsuit against PM Pashinyan
World 18:00
Party leader Samvel Karapetyan files defamation lawsuit against PM Pashinyan
Azerbaijan Parliament starts committee meetings ahead of autumn session
World 14:30
Azerbaijan Parliament starts committee meetings ahead of autumn session
Nobel Prize 2026 announcement schedule revealed
World 12:30
Nobel Prize 2026 announcement schedule revealed
NYMEX birjasında təbii qaz ucuzlaşıb
World 12:00
NYMEX birjasında təbii qaz ucuzlaşıb
Anews TV

Our official Youtube channel

Subscribe