Las Vegas has long been considered the world’s top gaming destination. Is that still true? Gaming revenue in Macau [China] this year probably will exceed $20 billion, which is a little over three times the size of Las Vegas ... Las Vegas still has more diversity in its various offerings, but it’s hard to say that it’s king of the hill in gambling.
But what matters most is quality of life per capita. In that aspect, the US is IMHO slightly behind most of western Europe, Canada, Australia, New Zeland, etc. Mostly because of wealth inequality.
Duly noted, but "precision" in this sense is a red-herring. The point of the Macau example is 3x. In 2006 it was 1x. I will trade you $20B for $6B, and then worry about PPP. :D
Las Vegas has long been considered the world’s top gaming destination. Is that still true? Gaming revenue in Macau [China] this year probably will exceed $20 billion, which is a little over three times the size of Las Vegas ... Las Vegas still has more diversity in its various offerings, but it’s hard to say that it’s king of the hill in gambling.
Edit: For Brevity
List of countries GDP/Cap $USD
Note: Macau =#6 (tie), USA =#16
1 Monaco 172,676 (2009 data)
6 Switzerland 80,391 (2011)
— GuernseyJersey Channel Islands 76,413 (2007)
— Macau 65,550 (2011)
16 United States 48,442 (2011)
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nom...