Making the News

Allentown Morning Call

Originally Published:Tuesday, August 2, 2011,0,3556152.story

Table games doing well, but
The revenues in Bethlehem are dwarfed by Sands' tables in Macau and Singapore.

By Matt Assad
Allentown Morning Call

"It's not even fair to put Pennsylvania's numbers alongside Asia. Gambling in Asia is without parallel," said Harvey Perkins, executive vice president of New Jersey-based global gambling analysts Spectrum Gaming Group. "In Macau, we're talking about packed VIP rooms you can't even get into without a bankroll of $200,000. We have nothing like that here. Even Vegas can't compare."

It's not just that Macau is within 90 minutes of 1 billion people or that - unlike the U.S., where 39 states have casino gambling - the region is limited to a few casinos, Perkins said. It's also because huge numbers of Asians love to play table games, and love to bet big.

Perkins said 80 percent of all revenue at Macau casinos comes from those VIP gamblers with giant bankrolls. Illustrating just how much Macau has become the gambling capital of the world, Perkins said it is projected to have more than $40 billion of gambling in 2011, compared with about $6 billion in Las Vegas.

In its own market, Sands' tables are holding up well, according to the SEC report. The $2,550 lost at each table daily is second among the 10 casinos statewide, trailing only the $2,763 bought in by Parx, which in lower Bucks County sits in the heart of the state's largest population zone. Sands' take is higher than the statewide average of $2,195, and even outstrips Atlantic City tables that brought in an average of $2,094 per table over the past year, said Shawn McCloud, an analyst for Spectrum Gaming.

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