11 Years Later, Macau Health and Education Catching Up to Casinos
More than a decade after gambling enterprises came to Macau, the spot is finally getting health and welfare services in place.
Over the decade that is past Macau has become the undisputed leader in global gambling as far as revenues go. The casino hub brings in six times as much revenue as Las Vegas, and exploded after the former Portuguese colony was exposed to international casino operators in 2002. The move was a success that is resounding as Macau’s economy has grown by on average 14% each year within the past decade making it the fastest-growing economy worldwide.
Infrastructure Was Lacking
It appears like a success that is incredible plus in many ways, it’s been. 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 a chance to catch up. Infrastructure lagged behind, hurt by decades of insufficient spending by colonial capabilities and an inability to get projects done.
There are a quantity of projects that sound great on paper that have just failed to materialize thus far. Things we 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 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 safer to visit Hong Kong.
Details