11 Years Later, Macau Health and Education Catching Up to Casinos
More than ten 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 global gambling as far as profits go. The casino hub brings in six times just as much revenue as Las Vegas, and exploded following the previous Portuguese colony was opened 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 rendering it the fastest-growing economy on earth.
Infrastructure Was Lacking
It feels like a amazing success story and in many ways, it has been. But with all of that growth centered in the gambling industry and coming at a rapid speed, the rest of Macau yes, it exists outside of gambling enterprises did not have a lot of to be able 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 number of projects that sound great on paper which have merely failed to materialize thus far. Things that individuals 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 don’t have the welfare,’ Macao Polytechnic Institute associate professor Larry So told the Wall Street Journal. ‘If you get unwell in Macau, everybody knows it’s more straightforward to visit Hong Kong. […]