Because I think Macau depends on the People's Republic of China.
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| Macau |
We can tell that Macau is the center of the gambling world, beating Las Vegas, though. So where's their gambling income come from so far? About 60% of the income comes from tourists who are people from China or mainland China.
Due to the large number of tourists from mainland China, Macau also has a population that is majority of which is originally from mainland China.
Macau continues to express its support for China. This is in contrast to the region's stance: Hong Kong, which in recent months has continued to protest against the Chinese Government.
Understandably, the former Portuguese colony did enjoy a number of economic advantages under Chinese communist rule.
Macau has become the world's largest gambling hub, even defeating its rebel brother Hong Kong.
Then compared to Hong Kong, the area of both regions is very much drastic where Macau is obviously much smaller in overall size which if not wrong is only about 115km while Hong Kong measures about 1,108km, the ratio of its area is clearly much larger 10 times Hong Kong compared to Macau.
In contrast to Macau, Hong Kong has far better development in the economic sector thanks to the British who also have a pretty good relationship with their colony.
Whereas in Macau itself, which became a colony of Portugal, not as strong as Hong Kong development and also in Portugal itself in the 1960s began to appear political views that tend to be anti-colonialism.
So for a region as small as Macau, it is clearly much more in need of "assistance" from mainland China in order for them to be able to grow rapidly until now.
Macau itself becomes an administrative region that is ranked 83rd when talking about the highest economic level in the world.
Despite having the same cantonese mother language as Hong Kong, Macau's development has been a long way off.
Macau with 670,000 inhabitants is listed as the region with the second largest per capita income in the world after Luxembourg.
According to data from the World Bank, Macau's population is 80% richer than Hong Kong's.
Stability in Macau can be traced back to Macau's gambling industry monopoly in China.
Casinos are a major contributor to Macau's government revenue of 80%, and that makes every Macau citizen can have an income of US$ 1,000 per year.
Despite the weak signals the gambling industry's contribution to Macau is beginning to be seen.
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This comes as China's slowing economy has cut revenues for casino operators such as Las Vegas Sands Corp, MGM Resort International and Wynn Resorts Ltd.