November 14th, 2021
Unless you are familiar with the gambling industry, you may not know much about Macau. Previously a Portuguese colony, this vibrant city has transformed over recent years to become the gambling capital of the world.
By itself, Macau generated more revenue from gambling than the entire state of Nevada in 2010. It’s far from being the Las Vegas of China; it’s the biggest of them all.
Macau has grown thanks to China’s massive globalization, with foreign multinational casinos at the heart of it. The booming economy has seen millions of people travel to this stunning environment, both inland and abroad, and try their luck at the tables.
Needless to say, the money spent here is unlike anything else on the planet.
China has ruled over Macau since 1999, but while gambling is illegal under Chinese law, Macau has been governed as a Special
Administrative Region of the country. This means that it follows different laws, making it the only part of Greater China, including Hong Kong, where gambling is legal.
Before returning to Chinese rule, Macau was rife with organised crime competing for access to the casinos’ VIP rooms. It’s these same rooms that are now one of the biggest contributors to the rise of Macau.
They are home to the biggest games in the world with the highest stakes, making the experience here unlike any other gambling destination on Earth.
For this reason, the casinos of Macau are keen on attracting high rollers.
They make most of their money from private rooms and providing special privileges to wealthy gamblers, rather than profiting from the hordes. In fact, it was reported in 2013 that 66% of all revenue generated by the casinos was made from high rollers.
The freedoms enjoyed by Macau, along with being the home of high stakes gambling, make it the gambling capital of the world.
The Origin Of Macau’s Success
Today, Macau’s gambling scene is at least four times the size of Las Vegas. In June 2019 파워볼사이트 , Reuters reported that in the first 5 months of the year alone, the 33 casinos in Macau generated more than $3 billion – and this is seen as a relatively low figure compared to previous years.
But Macau has not become a huge success overnight.
The work done to achieve today’s great heights can be traced back to the 1840s, where Portuguese administrators began looking for new ways to make money to stop the outflux of people moving to Hong Kong.
Residents took up a lot of manual jobs and trades, ranging from labouring in mines and plantations to regulating game houses. A poet named Camilo Pessanha, described Macau as “a material and moral rubbish heap”.
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