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Tourists spend 84 pct of their money on gambling

Profile Photo By: H L
February 11, 2014

Tourists spend 84 pct of their money on gambling

Hospitality News: MACAU - AUGUST 1: Tourists are seen visiting the Historic Centre of Macao on August 1, 2010 in Macau, China. The Historic Centre of Macao was inscribed on the UNESCO World Heritage List in 2005
MACAU - AUGUST 1: Tourists are seen visiting the Historic Centre of Macao on August 1, 2010 in Macau, China. The Historic Centre of Macao was inscribed on the UNESCO World Heritage List in 2005

The first tourism satellite account data have quantified the city?s dependence on gaming, revealing that about 84 percent of their spending is at the city?s casinos.

The data for 2010 show tourists spent MOP220.4 billion (US$27.6 billion), including MOP184.5 billion in the casinos and MOP19.3 billion at the shops.

The tourism satellite account is meant to assess the value of the tourism industry to the economy, the Statistics and Census Service says.

In 2010 the value added by the tourism industry was MOP51.8 billion, or 35 percent of gross domestic product.

Source Macao Business, http://www.macaubusiness.com/news/tourists-spend-84-pct-of-their-money-on-gambling.html

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