11 Years later on, Macau Health and Education Catching as much as Casinos
More than a decade after casinos came to Macau, the location is finally getting health and welfare solutions in place.
Over the past decade, Macau is among the most 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 following the previous Portuguese colony was exposed to casino that is foreign in 2002. The move had been a resounding success, as Macau's economy has exploded by an average of 14% each year on the past decade making it the fastest-growing economy on the planet.
Infrastructure Was Lacking
It appears like a success that is incredible plus in many ways, it is often. But with all that growth centered in the gambling industry and coming at a fast speed, the rest of Macau yes, it exists outside of gambling enterprises did not have much of the opportunity to catch up. Infrastructure lagged behind, hurt by decades of insufficient spending by colonial abilities and an inability to get projects done.
There are always a true quantity of projects that sound great on paper which have simply unsuccessful to materialize to date. 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 still years away.
'We have actually 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 understands it's more straightforward to go to Hong Kong.