Macao stole the crown of global gambling capital from Las Vegas at the beginning of the millennium, now surpassing about seven times the Sin City Strip, and in US dollars it has earned more than $45 billion (360.7 billion patacas). October, the biggest increase of +31.7% compared to 2012 based on total income, accounted for nearly 10% of December’s sales, according to the dicj.gov.mo (Game Inspection and Coordination Bureau) website.
Macao is a specially regulated Chinese territory, the only legitimate place to gamble. Most traffic arrives via fast ferries that run several times an hour in Hong Kong. The wealthiest people and those who prefer alternative transportation arrive by helicopter or sky shuttle.
Nearly a quarter of Macau’s workforce is directly employed by the gambling industry. Each of Macao’s 570,000 permanent residents is directly benefiting from government subsidies as well as other ways. In 2013, an average of 9,000 patacas ($1,100) occurred per person. But the city’s rapid growth has caused numerous housing and labor problems, and some residents are unhappy with the amount of money that goes into addressing those needs. Housing for workers is a major problem. Discussions for renewing licenses begin in 2015, and analysts expect the government to use its leverage to broker a solution. Nearly 80% of the city’s tax revenue comes from the gambling sector.
Portugal transferred its interest in Macau to Beijing in 1999 and opened it to foreign competition in 2002, and now has six companies with casino licenses, three cities with gambling facilities, and a total of 46 properties. 온라인카지노
Visit the Macau Casino & Gambling page of the World Casino Directory for a detailed description of each property, including gambling status, news, job openings, restaurants and entertainment venues, hotel accommodations, and access to casino-specific forums. Learn more about amazing accommodations like City of Dreams and Venetian Casino Resort Macau.