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Essay

Macau

Essay specific features

 

Issue:

Social Issues

 

Written by:

Brandon R

 

Date added:

March 29, 2015

 

Level:

College

 

Grade:

A

 

No of pages / words:

1 / 204

 

Was viewed:

7490 times

 

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Essay content:

The gambling resort will be located on Macau’s Cotai strip, which is hoped to become Macau’s gambling answer to the Las Vegas Strip. Macau is expected to outdo Las Vegas and become the world’s biggest gambling market in 2005, with the territory’s casinos projected to bring in more than $5bn in gambling revenue as many wealthy Chinese come to Macau for their gambling...
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Nowadays, the gambling industry generates on 40% of the GDP of Macau. Also, gambling taxes form 64% of the government income which is absolutely a dramatic number that could hardly be imagined. Macau remains the only place in China where gaming is legal so it attracts more tourists to Macau. However, the gambling business is also the source of instability in the Macau economy, as the nature of gambling industry is not susceptible to technological advancement or productivity growth...
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