A drifting casino ship, moored off the Hong Kong harbor, is really a welcome gambling choice for many Chinese tourists.
Those that peruse the world of gambling news will undoubtedly frequently run into headlines announcing record financial figures for Macau, the gaming region that is biggest in the world. In fact, it is tough to read news that is gambling greater than a few days and not come across such information.
However, there is certainly a far more convenient, better-priced, and perhaps more pleasurable option on the rise for Chinese residents searching for a gambling spot around the Hong Kong area, which comes in the type of floating casinos.
Pricey Hotels, Cheaper Ship Berths
As a result of the appeal of Macau for tourists from mainland Asia, hotel prices are reported to have shot up to around $175 per evening, well above those in Las Vegas which average about $108 per night, sparking consideration in those looking towards a gambling trip, since a space on a casino cruise will only run clients around $52 for an overnight stay.
Those aboard will be able to partake in whatever gambling the floating casino offers as such, those who are looking into a gambling trip can now book themselves aboard an overnight casino boat which simply sails about an hour away from Hong Kong and into international waters, at which point.
The international waters are entirely murky when it comes to gambling, as virtually anything goes while strict gambling rules are set in nations throughout the world. So not just is it easier for numerous players that are chineseas visa limitations don’t apply), nonetheless it is also massively cheaper for quick breaks, leaving them with more chips with which to gamble.
Thus far, the number of mainland tourists boarding the eight nightly casino ships has increased nine percent in the half that is first of 12 months to 615,328 players as more gamblers are seeing the opportunity to free up some of their playing money as opposed to shelling down on expensive hotels in Macau.
While a watercraft big sufficient to carry a group of people worth taking may not exactly be purchased with pocket change, the bill undoubtedly pales in contrast to the fee of the land- based casino in Macau. In reality, the licensing alone in Macau probably dwarfs the vessel itself.
So when given that the casino cruise operators spend no fees on their receipts, the casino operators in Macau could possibly be finding themselves a little aggravated because they fork out their 39 % gaming levy paid on gross revenue.
‘The cruiseship can be considered a substitute that is good mainland tourists,’ explained Hoffman Ma, deputy chairman of cruise operator Success Universe Group Ltd, that has seen its profits double through the first half of the season and its stocks rise by 54 percent for the year.
However, despite the growth in popularity among these casino cruise trips, Ambrose So, the chief executive officer of the largest casino operator in Asia, SJM Holdings, explained that the impact on Macau is ‘minimal’, simply stating that ‘the pie is growing bigger and some money overflows there.’
And since it appears unlikely that headlines on the gambling news sphere will being stating that Macau profits are plummeting any time soon specially since the resort hotels on the area generally run at full capacity these casino cruises could be simply catering towards the needs regarding the more modest market. Those with the additional incomes that are disposable nevertheless likely to flock to Macau to feel the glitz and glamor it offers alongside the gambling premises.
If anything, you could say that the casino cruise operators are filling a space that the resorts are only unable to fill due to their ability, meaning there clearly was more than enough business to go around.