• $
  • £

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
Turkey bars Israeli president’s plane from airspace en route to Astana
World 16:30
Turkey bars Israeli president’s plane from airspace en route to Astana
Britain’s King Charles III arrives in U.S. for state visit
World 13:30
Britain’s King Charles III arrives in U.S. for state visit
Rubio says U.S. has no evidence Iran’s supreme leader is dead
World 13:00
Rubio says U.S. has no evidence Iran’s supreme leader is dead
Rubio says Iran has retained half of its missile arsenal
World 12:30
Rubio says Iran has retained half of its missile arsenal
Ukraine says leave has been cancelled in some Russian military units
World 12:00
Ukraine says leave has been cancelled in some Russian military units
Trump calls for Jimmy Kimmel to be fired after joke about the first lady
World 11:30
Trump calls for Jimmy Kimmel to be fired after joke about the first lady
Suspect in Trump dinner shooting faces life in prison
World 11:00
Suspect in Trump dinner shooting faces life in prison
Zelenskiy may attend EPC summit in Yerevan
World 09:30
Zelenskiy may attend EPC summit in Yerevan
Ankara mayor may run for Turkish president, media reports
World 17:00
Ankara mayor may run for Turkish president, media reports
Anews TV

Our official Youtube channel

Subscribe