11 Years later on, Macau Health and Education Catching as much as Casinos
Significantly more than ten years after casinos arrived to Macau, the location is finally getting health and welfare solutions in place.
Over the past decade, Macau is just about the undisputed leader in global gambling since far as profits go. The casino hub brings in six times just as much revenue as Las Vegas, and exploded following the previous Portuguese colony was exposed to international casino operators in 2002. The move was a resounding success, as Macau’s economy has grown by an average of 14% each year on the past decade rendering it the fastest-growing economy on earth.
Infrastructure Was Lacking
It sounds like a incredible success story plus in many ways, it is often. But with all of that growth centered in the gambling industry and coming at a pace that is rapid the rest of Macau yes, it exists outside of casinos don’t have a lot of the opportunity to catch up. Infrastructure lagged behind, hurt by decades of insufficient spending by colonial capabilities and an inability to get projects done.
There are certainly a number of projects that sound great on paper that have merely failed to materialize thus far. Things that we in the West usually takes for granted things like a mass-transit system, a renovated ferry system, public housing projects and hospitals have all been delayed, meaning they are nevertheless years away.
‘the money is had by us, but we do not have the welfare,’ Macao Polytechnic Institute associate professor Larry So told the Wall Street Journal. ‘If you get unwell in Macau, everybody knows it’s simpler to head to Hong Kong. Continue reading article