Significantly more than 10 years after gambling enterprises arrived to Macau, the location is finally getting health and welfare solutions in spot.
Over the past decade, Macau has become the undisputed leader in worldwide gambling since far as profits go. The casino hub brings in six times as much revenue as Las Vegas, and exploded following the previous Portuguese colony was opened to foreign casino operators in 2002. The move had been 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 the planet.
Infrastructure Was Lacking
It appears like a amazing success story plus in many ways, it is often. But with all that growth centered in the gambling industry and coming at a quick pace, the rest of Macau yes, it exists outside of gambling enterprises don’t have much 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 number of projects that sound great on paper which have just 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 do not have the welfare,’ Macao Pol (more…)