Macau vs Las Vegas as the gambling capital of the world

Although it's hard to beat Las Vegas for variety and amazing resorts and casinos, Macau's gambling revenue simply dwarfs that of Las Vegas Casinos. Macau's annual gaming revenue stands at about 20 billion, with Las Vegas at about a third of that amount.

With the Las Vegas economy still reeling from the recession - hurting both the housing and the travel sectors, combined with the Asian economic explosion, it seems unlikely that Vegas will ever reclaim the fame of being the number one gambling hotspot in the world, but it's also true Macau is unlikely to attract north American visitors for some time.

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Las Vegas Economy 2010

The Las Vegas Economy - from gaming to housing to jobs - has suffered greatly since the economic meltdown that hit the USA and continues to slow progress around the globe.

Here, from University of Las Vegas' Center for Business Research, are several resources discussing the current conditions and prospect for Las Vegas as well as the entire state of Nevada:

http://cber.unlv.edu/snecon.html

Latest Nevada business conditions

Current Clark County economic data
Quarterly Indicators: Southern Nevada Business Confidence Index
Las Vegas Housing Market Conditions

Economic Outlook

Economic Overview of Metropolitan Las Vegas
CBER's Annual Economic Outlook
CBER's Midyear Economic Outlook