The most advanced gamblers know nothing about gambling unless you’ve been to at least one casino in Macau. It is the capital of the gambling world. Here’s the brightest, biggest, richest casino in the world. How did Macau become a city that generated more revenue from gambling than Nevada as a whole in 2010? Macau is the first East Asian colony occupied by Europeans in 1557. Currently, it is the 83rd largest economy in the world. Nominal GDP is MOP 433 billion. About 80% of all tax revenue comes from the gambling market. Macao casinos’ daily income from July 19 to July 25 was $257 million, according to economic analysis.
The reason why gambling has grown in Macau is because of China’s huge globalization. Macau’s fast-growing economy has developed foreign multinational casinos. It attracted people from other countries and began to travel to Macau a lot for gamblers and tourists to see for themselves. Because the Chinese government understands the economic significance of the island as a whole, it has decided to turn the city into a special administrative area. So Macau became one of the only cities in Hong Kong to have another law. 경마
The Beginning of the Macao Gambling Era
The gambling market started in the 1850s. The Portuguese government created the world’s gambling capital by legalizing the activities of the autonomous colony. At the end of the 19th century, the government granted permission for the Pantan House, which was the first casino monopoly. More than 200 Chinese gambling houses had to pay rent to authorities. The second casino monopoly was started by the taixing company in 1937. And in 1962, the industry went through a big change. The government has given Soziead de Turismoe Diveroèes de Macao (STDM) exclusive rights to all kinds of gambling. The company introduced Western-style games and updated maritime transport between Macau and Hong Kong. It has made Macau a popular place visited by millions of gamblers in Hong Kong every year. In 2002, the Macau government canceled the exclusive system and created three casino operations.