The Global Gaming Expo or G2E as its known begins today at the Sand’s Expo and Convention Center and will run through October 2nd. Two highlights of the show are today at 4:30pm when Las Vegas casino owner legend Steve Wynn takes the stage for a keynote; the second highlight is tomorrow also at 4:30pm when Sheldon Adelson another famous Las Vegas casino operator takes the stage in a second keynote. G2E is a trade show for the casino operators and companies producing products that they can sell to them including products such as slot machines, card shufflers, table games etc.
The former Portuguese colony of Macau which was returned to the Chinese is a gambling hotbed. The revenues of the casinos in Macau totaled $6.95 billion for 2006 which beat the Strips predicted revenue of $6.5 billion for 2006. Las Vegas legends Steve Wynn and Sheldon Adelson both have large properties in Macau competing with Chinese tycoon Stanley Ho. Macau will siphon off some Asian gamblers which will hurt certain properties in Las Vegas a bit but in the long run Las Vegas will do fine.