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The Cheapest, Richest Casino in Macau Some Find Profits in Asia's Low Rollers; A Bare-Bones Establishment Emerges as a Big Winner By embracing technology while courting low-budget gamblers, Jay Chun's Kam Pek casino has claimed some of the 5 best casino in macau highest profit margins.
Jay Chun says his Kam Pek casino, housed in a downtown office building.
High-rollers who bet millions without batting an eye have turned Macau into the world's gambling capital.
Macau, the world's largest gambling hub, reported surprisingly slow revenue growth in January--the 5 best casino in macau since October 2012.
Was it the result of the Lunar New Year just click for source during the month this year, or a further indication that China's economy is slowing?
Heard on the Street columnists Alex Assured, best payout slot machines correctly, Abheek Bhattacharya and Aaron Back weigh in.
Jay Chun says his Kam Pek casino, housed in a downtown office building across the street from the glamorouscaters to the gamblers that other Macau casinos don't want.
By embracing technology to tame the city's high costs, he says, Kam Pek achieves some of the highest profit margins in the city.
But in the race to serve the city's high rollers with increasingly luxurious casino resorts, low-budget gamblers were left without many options.
Advertisement Lower-budget gamblers in Macau are "a huge market to tap," says 5 best casino in macau Wee Keat, an analyst at Singapore's DBS Vickers Securities.
Macau's customer mix is "like a pyramid," says Mr.
Chun, chairman of Ltd.
For example, they offered private jets for all-expenses-paid trips to Las Vegas to ring in the Lunar New Year, which began Friday.
Gamblers can also use points to enter the "Fun Machine Cash Cube," which gives them 30 seconds to grab crumbled bills blown around by a fan.
Advertisement If customers want to spend the night at Kam Pek, they are 5 best casino in macau one of about 30 basic rooms the casino doles out to its better players for a quick rest, but "they can't complain.
About half the casino's patrons are from mainland China, 30% are from Macau, and many of the rest come from Taiwan and Korea, Mr.
Kam Pek has also solved some of Macau's most vexing problems:the high cost and low availability of labor.
That's a problem because dealers can only be drawn from Macau's 600,000 citizens, and just 1.
Macau's Kam Pek casino says its 900 electronic gambling machines cater to an abandoned class: low-budget players.
The solution: live-video gaming that allows eight, rather than 100, dealers to handle 900 gamblers.
The dealers sit alone at tables, continuously drawing cards for a video that's broadcast on gamblers' personal electronic stations.
The gamblers, who can see only the dealers' hands and the cards on their own screens, can bet on multiple tables from their seats.
Each dealer "is basically like a robot," says Mr.
Decor includes fish tanks, motorbikes and Portuguese-style tile floors, a nod to the city's former colonial rulers.
Chun operates Kam Pek under the casino license of Ltd.
The casino's labor costs are more than 30% below the rest of the market, he says.
Kam Pek's parent company, Paradise Entertainment, has also profited from another Macau government policy plaguing competitors: a cap on the number of gambling tables in the territory.
As each electronic gambling machine counts as only a fraction of a traditional table under government rules, more casinos have been ordering Paradise's machines to fill their floors.
Advertisement The company has international ambitions as well.
In November, Paradise Entertainment launched machines at the Sands' Palazzo casino in Las Vegas.
An earlier version of this article incorrectly said the casino brings in 13,000 gamblers a month.
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