A lot more than a decade after gambling enterprises arrived to Macau, the region is finally getting health and welfare services in place.
Over the past decade, Macau has become the undisputed leader in global gambling as far as profits go. The casino hub brings in six times the maximum amount of revenue as Las Vegas, and exploded after the former Portuguese colony was opened to casino that is foreign in 2002. The move was a resounding success, as Macau’s economy has exploded by an average of 14% each year over the past decade making it the fastest-growing economy on earth.
Infrastructure Was Lacking
It appears like a incredible success story plus in many ways, it’s been. But with all that growth centered in the gambling industry and coming at a rapid pace, the rest of Macau yes, it exists outside of gambling enterprises didn’t have much of an opportunity to catch up. Infrastructure lagged behind, hurt by decades of insufficient spending by colonial powers and an inability to get tasks done.
There are certainly a true number of projects that sound great on paper that have lucky nugget simply unsuccessful to materialize thus far. Things that people in the West 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 don’t have the welfare,’ Macao Polytec Continue reading