Macau's gaming industry's share success

They say gambling is a mug's game, because the house always wins in the end.

This month, the house won big - one of the world's leading casino operators Steve Wynn successfully sold off part of his operations in Macau, at the very top of the asking-price range.

This IPO, or Initial Public Offering set lights flashing and bells ringing, raising $1.63bn.

For the operators, Macau, Asia's gambling paradise, has been a money-spinner, with net income per table more than three times the value of the tables in Las Vegas.

It was always a pretty safe bet for them. The Chinese love to gamble and Macau is the only part of China where casinos are legal.

Now, as the US economy has slowed, hitting profits back home, they are looking to plunder their Asian enterprises for cash to add value to their balance sheets.

The BBC's Chris Hogg in Shanghai has been looking at the glittering success of the gambling industry in the region.

First broadcast on Business Daily