From BeforeItsNews.com, here’s a ranking of the Largest Casinos in the World:
10. Borgata Hotel Casino and Spa, Atlantic City (Gaming space: 161,000 SF)
9. Casino Lisboa, Lisbon, Portugal (165,000 SF)
8. MGM Grand, Las Vegas (171,500 SF)
7. MGM Grand, Macau (222,000 SF)
6. Sands, Macau (229,000 SF)
5. Tusk Rio Casino Resort, South Africa (266,330 SF)
4. Casino Porte, Macau (270,000 SF)
3. Foxwoods Resort Casino, Connecticut (344,000 SF)
2. City of Dreams Casino, Macau (420,000 SF)
1. The Venetian, Macau (550,000 SF)
About a year ago, in a piece I cleverly titled “Loss Vegas,” I drew a comparison between the world’s two largest casino markets–Macau and Las Vegas–and looked at how Macau’s increasing prominence parallels the overall shift from West to East in today’s global economy. No question, in both volume of gambling activity and rate of growth, Macau has far surpassed its western competitor; in 2011, Macau raked in more than double Vegas’s take with over $28 billion (US) in gaming revenue.
In today’s top 10, U.S. cities don’t have a very impressive showing (though U.S. gaming companies do). As Eastern gaming markets like Macau, Singapore, and South Korea continue to grow, no doubt we’ll see Las Vegas’s MGM Grand and Atlantic City’s Borgata bumped off the top 10. But this isn’t to say the U.S. gaming market has slowed. Far from it; as more and more U.S. states realize the revenue potential of legalized gambling, more and more casinos pop up in such unlikely markets as Ohio, New York, and Pennsylvania. For the CRE sector, this has resulted in the increased prominence of the casino real estate niche, with national real estate companies like Penn National Gaming specializing in this growing sector.
Casinos need not reach the scale of an MGM or a Venetian. Most casinos have a comparatively puny footprint when compared to such mega-resorts. Only the most popular, international tourist spots can support gaming operations of such size.