Japanese & Chinese gamblers like to play Baccarat in Las Vegas
Here’s an interesting bit about Japanese gamblers and Chinese high roller gamblers; a few gems, baccarat is the favorite casino game, Japanese like flashy ambience such as neon dancing lights, Chinese like reserved, quiet and exclusive rooms, both Chinese and Japanese can drop $50k a hand playing baccarat. WOW!
Some of you may remember when the “high rollers” to Las Vegas were from Japan.
And, all the big casinos on The Strip used to cater to the Japanese. Those days are gone.
Today, Vegas casinos are said to be going out to draw Asians, but the Asians are not Japanese.
The target is visitors from China.
As a recent story in the New York Times described the huge influx of Chinese gamblers: “Vegas without the dreamy postcard view of the neon-pulsing Strip, visitors to the VIP lounge at the top of the Venetian Hotel and casino might think they had taken an elevator to someplace in Hong Kong or Shanghai.
The VIP lounge is reserved for the wealthiest high rollers.
The TVs in the lounge are tuned to Chinese stations. The newspapers are printed in Chinese.
Why not? These high rollers from China wagers several hundred thousand dollars or more. Much like the Japanese used to about 20 years ago.
The biggest game for Chinese high rollers? Baccarat, which generates more revenue than roulette or craps.
When the Japanese were the high rollers, their favorite game was also baccarat. In baccarat, it is said that the high rollers will wager $50,000 on a single hand.” What Happens in Vegas, Goes to China George Yoshinaga
Did you know that Asians tend to prefer live online gaming? In fact a lot of Japanese market focused online casinos are running live baccarat games off of the Philippines. Did you know that Sheldon Adelson paid off his investment on Sands Macau within a year? now imagine how much money the Chinese lost at the baccarat tables in Macau that funded that payoff. WOW!
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