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History of Gambling in Macau!

About Macau!

Macau as we all know is gathering commendations and compliments because of its gambling industry from the different parts of the globe. Macau was also tagged as the only gambling venue that over power the ever famous and glamorous city of Las Vegas when it comes to gambling revenues and profits.

Macao casinos and hotels close the main bridge.

As per Geography, before Macau became one of the Special Administrative Region of the People’s Republic of China, Macau is actually under the jurisdiction of Portugal though the majority of the leaders are still Chinese. Therefore, the Chinese cultures, beliefs and traditions remained in Macau, and almost majority of the citizens belong to the Chinese empire.

There is also a major effect that subsequently change Macau to a little bit modern and that is the Hong Kong effect to Macau. Because of this, more business enterprise came and added support to the deterioration economic situation on the place. There’s come a time also that the two parties involving the settlement of Macau which are China and Portugal have their differences that caused misunderstanding and leads to an undiplomatic circumstances. But everything ends well during the time of the handover of Macau to the People’s Republic of China on 1979. But this is actually just part of the handover because the government of Macau was still under the Portugal administration.

It was on 1999 that Macau was fully governed by Chinese people and started of being tagged as the Special Administrative Region of the People’s Republic of China with high effect and respect to the self autonomous region. Meaning, though under the China’s jurisdiction, Macau would have own laws and regulations which China would not interfere.

And now on the modern day of Macau, it was considered as the most visited gambling rendezvous of the world, and once tagged as the “pearl of the orient” but now the goldmine of the Asian Empires. Macau also has the biggest and the most beautiful buildings and the most innovative billboards and lightings globally. Macau is actually just a small country, even smaller than Manhattan or almost only the size of the Vatican, even smaller I guess, but the revenues and the economy can be compared to the huge and modern countries like in some states in the US or some regions in UK.

Macau by Night

History of Gambling in Macau!

Before anything about gambling happened to Macau, it is just a simple venue and an ordinary place for travelers. Many histories written about Macau which essays how Macau got into the involvement of gambling was unfortunately St. Paul Macau Churchunclearly stated. Some predict that along side of the history of gambling in China is also the origin how gambling in Macau started.

What’s crystal clear is that the explosion of gambling in Macau started when it was legalized by the government to enhance the generation of the revenues as during that time, Macau is facing hardships and trials economically.

The Portugal government also granted authorization to the overwhelming numbers of Chinese casinos or gambling houses to operate in exchange of tax and rents payments. The government had come up with a more attention getting factor that attracts more visitors a during that time, many of the players are Chinese and Hong Kong nationals, but in due course and the introduction of westernized casino venues. Plus the addition of many Americanized games, slowly but surely, many citizens of the world has gained interest in visiting Macau, not only for gambling but also for tourisms purposes.

In 1937, started casino monopoly by the Tai Heng Company and begins to uphold revenues and profits, but this would not be enough as per the government during that time probably because the company had set a limitation as up to what they could exploit when it comes to gambling.

One of the highlights that had given Macau the greatest break is when its government has finally given the licensed to operate to Sociedade de Turismo e Diversões de Macau (STDM) in 1962, this Sociedade de Turismo e Diversões de Macau (STDM) was a previous underground syndicate made up of members from Hong Kong and Macau. Its members are usually high-profiled businessmen the reason why they had monopolized easily the industry of gambling.

So, for a couple of decades, STDM had increasingly added the enhancement of the booming of the Macau economy and had been the brick of the gambling industry. But the monopoly ended on 2002 as the license of STDM lasted only up to 2001.

Then after that, the Macau government started to give authorizations to some other casinos that wanted to operate in the country, both locally owned and internationally administered casinos. Some of these casinos are still under the STDM management and some are partially co-owned.

Macau

Now, hundreds of casinos are located in Macau, and still generating favorable revenues making the economy of the country sustainable and kicking. All of the gambling forms are legal and authorized such as the Blackjack, Baccarat, Roulette and some Chinese games like Keno and the likes. Some of the most successful casinos are owned and managed by people from outside the country like the ever famous Sands Macau and the Wynn Resorts.

And Macau was so proud to admit that three out of the five biggest casinos in the world belongs to them, these are “The venetian Macao”, The “City of Dreams Casino” and the “Casino Porte”.

Edited by Henrik Jørgensen
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