11 Years Later, Macau Health and Education Catching as much as Casinos
More than a decade after casinos came to Macau, the spot is finally getting health and welfare solutions in place.
Over the decade that is past Macau has become the undisputed leader in global gambling since far as profits go. The casino hub brings in six times the maximum amount of revenue as Las Vegas, and exploded after the previous Portuguese colony was opened to casino that is foreign in 2002. The move had been a resounding success, as Macau’s economy is continuing to grow by an average of 14% each year throughout the past decade rendering it the fastest-growing economy worldwide.
Infrastructure Was Lacking
It appears like a success that is incredible plus in many ways, it was. But with all of that growth centered in the gambling industry and coming at a fast pace, the rest of Macau yes, it exists outside of casinos did not have a lot of an opportunity to catch up. Infrastructure lagged behind, hurt by decades of insufficient spending by colonial abilities and an inability to get tasks done.
There are a true number of projects that sound great on paper which have merely failed to materialize up to now. Things that we 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.
‘the money is had by us, but we don’t have the welfare,’ Macao Polytechnic Institute associate professor Larry So told the Wall Street Journal. ‘If you get sick in Macau, everybody knows it’s easier to go to Hong Kong.