The Draw of Asian Casino Investment on the Rise

Asia's casino industry is booming, with many governments in the region looking to use gambling as a method to lure more tourists. A number of U.S. casino companies, such as Wynn Resorts, Las Vegas Sands, MGM Mirage and Harrah's Entertainment, are investing in Asia's gambling industry.

These four casino companies have shown a major interest, particularly in Macau, the former Portuguese enclave that reverted to Chinese rule in 1999. The reason for this is that many Chinese tourists go to Macau to gamble, as casinos are legal in the area. Beijing has also lifted travel restrictions, a move that has made it easier for tourists to visit mainland China.

Having lifting its ban on casinos, the Singapore government plans to build two new casino resorts, which are believed to help strengthen the economy. The new casino resorts in Singapore and the continued success of Macau's casino industry could even lead to a decision by more Asian governments to legalize casinos.

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