The Venetian Macao is the largest casino in the world. The gaming complex is located in Macau, an administrative region of China. The number of permanent residents of Macau does not exceed 700,000, but that has not stopped the city from becoming the Asian centre of the gaming industry.
The Venice Gaming Zone is known for its luxury and affordability. This 950,000 square metre area is home to the world’s largest casino, elegant hotels (such as the Venetian Macao Resort Hotel), clubs, bars, upscale restaurants and a multitude of shops.
The history of Venetian Macao
The world’s largest casino is the brainchild of the American company Las Vegas Sands. The creators invested some 2.4 billion dollars in the project. The costs have paid off rather quickly: 3 years after opening, The Venetian’s revenues exceeded 13 billion dollars.
“The Venetian is not the only casino built by a US company. A casino of the same name was built in Las Vegas in 1999. Las Vegas Sands has also completed a luxury casino complex in Singapore called Marina Bay Sands.
Las Vegas Sands is owned by an American billionaire named Sheldon Adelson. The American with Jewish roots makes the list of the world’s richest people every year. In 2020, Sheldon was number 28 on the Forbes list with a fortune of more than $30.8 billion.
The Las Vegas Sands founder’s main income comes from the gambling business.
Description
The Venetian Casino is by far the largest gambling complex in the world. The scope inherent in The Venetian has eclipsed the scale of the most gigantic gambling houses in the gambling capital, Las Vegas.
Macau is the only region in the country where gambling is allowed, which is why this administrative region is the centre of the Chinese gambling industry. There are over 30 casinos within a small area, the largest and most famous of which is Venetian Macao Casino.
This casino is undoubtedly the main source of income for the city’s coffers. The gaming industry adds up to more than 70% of the city’s tax revenue. Considering the scale of the Venetian gambling industry, the project is one of the most successful investments in the history of the gambling industry.
The first thing that catches the eye of visitors to this casino is the unique atmosphere of the Italian resort. The Las Vegas Sands architects did their best. Not only can you try your luck at the casino, you can also enjoy a ride in a gondola down a man-made canal, listen to the songs of the local gondoliers and admire the exquisite frescos, the gorgeous gilded statues and the artificial sky. Thanks to the panoramic sky, the Venetian entertainment complex is protected from precipitation, wind and sunlight.
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