Tourism_and_gambling Economy_of_Macau

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macau tower @ night.



tourism backbone of macau s economy, , of geared towards gambling, legalised in 19th century , has since been linchpin of economy , important source of revenue government. 1962, gambling industry operated under government-issued monopoly licence stanley ho s sociedade de turismo e diversões de macau (stdm), replaced tai heng entertainment corporation had held gaming monopoly previous 24 years. in 1990s macau had 9 casinos , gambling reportedly represented 20 25% of macau s gdp. monopoly ended in 2001 when gaming industry liberalised , several casino operators las vegas entered market. these new operators include las vegas sands, opened sands macao [1], largest casino in world measured total number of table games, in 2004 , venetian macau [2] in 2007; wynn resorts, opened wynn macau [3] in 2006; , mgm mirage, opened mgm grand macau in 2007.


in addition, other casino owners, including australian crown casino , hong kong galaxy entertainment group [4] have opened several hotel casinos in macau. result of surge in number of casinos , construction other new casino entrants, macau s economy has been growing rapidly in recent years. gaming revenues macau s casinos greater of las vegas strip, making macau highest-volume gambling center in world. numerous other hotel casinos, including galaxy cotai megaresort , ponte 16, opened in near future.



casino lisboa



the interior of venetian macao


due opening of new hotel casinos , china s easing of travel restrictions, there has been rapid rise in number of mainland visitors. 9.1 million visitors in 2000, arrivals macau has grown 18.7 million visitors in 2005 , 22 million visitors in 2006, on 50% of arrivals coming mainland china , 30% hong kong. macau expected receive between 24 , 25 million visitors in 2007. macau received future award 2007, voted 26,000 german travel trade members of goasia, being regarded promising future tourism destination in asia. macau rated 1 of world s top tourism destinations world tourism organisation.








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