Macau's winning streak to continue

Macau's Lisboa casino AFP

In 2006, when Macau's casino industry was growing quickly relative to the world’s best-known gaming city, Las Vegas, it was a big story. But today it is well accepted that Macau has won the race or at least this leg of it.

Gaming revenues in Macau were four times those in Las Vegas last year, and there is no evidence that the global slowdown is having an impact on business. In fact, gaming revenues hit a record high of $3.1 billion in August this year. 
 
“We are forecasting an average...