Page 2 of 2 Previous

Continued: Chinese gambling city Macau aims for Las Vegas boxing action with big-name bouts

  • Article by: KELVIN CHAN , AP Business Writer
  • Last update: July 30, 2013 - 3:00 AM

"Once we get that going, it could be a monster," said Arum.

Even if Chinese pay per view doesn't take off, Macau will still remain a viable boxing venue because for non-American fighters it will represent a bigger purse. They won't have to pay U.S. taxes of about 40 percent on their earnings.

That would be a substantial incentive for someone such as Pacquiao, who would only be subject to lower tax rates in the Philippines or Macau on the $25-$30 million that Arum said he's expected to earn from the November fight.

The biggest upside from the fight nights, however, may be for the casino. It benefits directly from more visitors, which will help raise gambling revenue. The Pacquiao fight will be an especially good chance to reel in the high-rolling mainland Chinese VIP gamblers that have supercharged Macau's casino industry.

It also gives casinos another way to circumvent the advertising and promotional restrictions that come with mainland China's ban on casinos.

"The boxing in Macau without doubt helps promote Sands China or the Venetian brand in China," said Aaron Fischer, head of gaming research at brokerage CLSA Asia-Pacific Markets. "Marketing of casinos is illegal in China and hence gaming companies will have to indirectly promote the integrated resort by marketing the non-gaming facilities like the hotel, conventions or by marketing the various events like boxing matches."

_______

Top Rank: http://www.toprank.com/

Follow Kelvin Chan at twitter.com/chanman

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Texas - WP: N. Martinez 5 FINAL
Miami - LP: N. Eovaldi 4
Seattle - LP: J. Paxton 3 FINAL
Philadelphia - WP: C. Hamels 4
Toronto - WP: R. Dickey 9 FINAL
Milwaukee - LP: J. Nelson 5
NY Mets 8 Top 9th Inning
Oakland 5
Atlanta - A. Wood 6:05 PM
Pittsburgh - G. Cole
Houston - S. Feldman 6:05 PM
NY Yankees - M. Pineda
Arizona - T. Cahill 6:05 PM
Washington - T. Roark
LA Angels - G. Richards 6:10 PM
Boston - C. Buchholz
Detroit - R. Porcello 6:10 PM
Tampa Bay - J. Odorizzi
Cincinnati - J. Cueto 6:15 PM
St. Louis - L. Lynn
San Francisco - J. Peavy 7:05 PM
Chicago Cubs - E. Jackson
Baltimore - W. Chen 7:10 PM
Chicago WSox - H. Noesi
Cleveland - T. House 7:10 PM
Minnesota - R. Nolasco
Kansas City - D. Duffy 7:40 PM
Colorado - J. De La Rosa
San Diego - E. Stults 9:10 PM
Los Angeles - R. Hernandez
Pittsburgh 8/21/14 6:30 PM
Philadelphia
Carolina 8/22/14 6:30 PM
New England
NY Giants 8/22/14 6:30 PM
NY Jets
Jacksonville 8/22/14 6:30 PM
Detroit
Oakland 8/22/14 7:00 PM
Green Bay
Chicago 8/22/14 9:00 PM
Seattle
Tampa Bay 8/23/14 3:30 PM
Buffalo
Tennessee 8/23/14 6:00 PM
Atlanta
Dallas 8/23/14 6:00 PM
Miami
Washington 8/23/14 6:30 PM
Baltimore
New Orleans 8/23/14 7:00 PM
Indianapolis
Minnesota 8/23/14 7:00 PM
Kansas City
St. Louis 8/23/14 7:00 PM
Cleveland
Houston 8/23/14 8:00 PM
Denver
San Diego 8/24/14 3:00 PM
San Francisco
Cincinnati 8/24/14 7:00 PM
Arizona
Los Angeles 8:00 PM
Colorado
San Jose 9:00 PM
Seattle
Montreal 8/22/14 7:30 PM
Winnipeg
Toronto 8/23/14 3:00 PM
Edmonton
Calgary 8/24/14 2:00 PM
Ottawa
Saskatchewan 8/24/14 6:00 PM
Brt Columbia

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

question of the day

Poll: Who would you rather have on your team?

Weekly Question

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

 
Close