f, as some hope, Macau’s government lifts its arbitrary limit on the number of gambling tables, investors will pour in even more money. Robert Goldstein, president of global gambling operations at the Las Vegas Sands Corporation, makes this bold prediction about Macau: “It’s going to be the world’s first $100 billion market.”

If China were to suffer a significant economic slowdown, that would only postpone the day that this level of turnover is reached. Macau is in prime position to reel in the surging numbers of new consumers from China and across the region. All its new rivals can hope is that there will be enough business left over for them. There probably will.