Wynn Macau

Last June, we mentioned that Macau is nothing to muck with when it comes to gambling. Industry predictions had it surpassing Vegas in gaming revenue by 2010.

Apparently, even that was a gross underestimation of Macau’s mojo — by about 1,095 days! The FT reports that the 10.5-square-mile, ex-Portuguese territory has done the thinkable in an unthinkably short time period, with revenue up by 22 percent in 2006 to reach $6.95 billion. To be fair, Vegas hasn’t released full year figures for ’06, but analyst estimates put the grand total around $6.5 billion.

Not even close, eh? Macau won this race by about a third of an Oprah ($450 million). With all sorts of new projects – including an underwater/hotel and casino – coming online, it’s gonna take a lot of desert rain for Vegas to match that.