Gaming, regarded as the engine of Nevada's economy, is one of the closest watched indicators in Nevada. Any sizable increase or decrease in revenue could potentially have dramatic and lasting affects on local employment and economic growth. During 2005-2007, Nevada saw monthly gaming revenue lift above $1 billion each month--a great achievement; however, Nevada's gaming revenue has yet to fully recover from the Great Recession and reach the $1 billion a month mark.
In recent years, Macau, China has emerged as a gambling hot spot in the Asia-Pacific region. The Las Vegas Sands Corporation, MGM Resorts International, and Wynn Resorts Limited, among others have diversified their holdings to include properties in Macau. Since January 2009 (when we have records of Macau gaming revenue) Macau has eclipsed Nevada in gaming revenue and growth. The three Nevada entities participating in Macau's market have benefited significantly from their Macau ventures. Macau's monthly gaming revenue is currently 3 times that of Nevada's--with no signs of slowing down. It appears Macau will continue to dwarf Nevada's gaming industry for sometime to come.
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