11 Years Later, Macau Health and Education Catching Up to Casinos
A lot more than a decade after casinos came to Macau, the region is finally getting health and welfare solutions in place.
Over the past decade, Macau has become the undisputed leader in worldwide 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 casino that is foreign in 2002. The move had been a resounding success, as Macau’s economy has exploded by on average 14% each year within the past decade making it the fastest-growing economy worldwide.
Infrastructure Was Lacking
It seems like a success that is incredible plus in many ways, it was. 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 casinos don’t have a lot of an opportunity 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 true quantity of projects that sound great on paper which have merely unsuccessful to materialize thus far. Things that we 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 still years away.
‘the money is had by us, but we do not have the welfare,’ Macao Polytechnic Institute associate professor Larry So told the Wall Street Journal. ‘If you get ill in Macau, everybody understands it’s safer to go to Hong Kong. (more…)