More than a decade after casinos arrived to Macau, the region is finally getting health and welfare solutions in place.
Over the past decade, Macau is just about the undisputed leader in global gambling because far as revenues go. The casino hub brings in six times as much revenue as Las Vegas, and exploded following the previous Portuguese colony was exposed to casino that is foreign in 2002. The move had been a success that is resounding as Macau’s economy has exploded by an average of 14% each year on the past decade rendering it the fastest-growing economy on the planet.
Infrastructure Was Lacking
It sounds like a success that is incredible and in many ways, it was. 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 gambling enterprises did not have a lot of to be able to catch up. Infrastructure lagged behind, hurt by decades of insufficient spending by colonial powers and an inability to get projects done.
There are always a true quantity of projects that sound great on paper which have simply failed to materialize up to now. Things that individuals in the western might take 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.
‘We have the money, but we do not have the welfare,’ Macao P Continue reading