A lot more than a decade after gambling enterprises arrived to Macau, the region is finally getting health and welfare solutions in place.
Over the decade that is past Macau has transformed into the undisputed leader in global gambling as far as revenues go. The casino hub brings in six times just 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 resounding success, as Macau’s economy is continuing to grow by on average 14% each year throughout the past decade making it the fastest-growing economy worldwide.
Infrastructure Was Lacking
It feels like a incredible success story and in many ways, it is often. But with all that growth centered in the gambling industry and coming at a pace that is rapid the rest of Macau yes, it exists outside of gambling enterprises did not have a lot 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 certainly a quantity of projects that sound great on paper which have merely failed to materialize up to now. Things we in the West usually takes 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 don’t