Daily Archives: July 30, 2015

The Rise of Gambling in Macau, a Short History Lesson

The game was in Macau since the 1850s when the Portuguese government legalized the activity in the colony legalized. Since then, Macau has become known worldwide as the Monte Carlo of the Orient. And no wonder that the game has become one of the most important elements in the economy of the city.

Casinos should Chinese games available to western style games were in the 20th century introduced. While the most popular game in China was once Fantan, now people of Macao have played blackjack and other Western games.

In an attempt to generate a healthy flow of government revenue, gambling was legalized in Macao 1847th In the late 19th century, the government introduced a licensing system for Fantan houses, known to Chinese casinos. It is reported that more than 200 casinos are required to pay rent to play very hard for the government to make them work. The first casino monopoly concession company Tai Xing was granted in 1937. However, the company was in fact too conservative to fully exploit the economic potential of the game, the game industry has experienced a breakthrough in 1962, when the government of the Sociedade de Turismo e Devesoes Macau (STDM), which is a consortium jointly issued by Hong Kong and Macao entrepreneurs trained.

The STDM introduced western-style game in unfamiliar territory, and updated navigation between Macao and Hong Kong. This allowed millions of players from Hong Kong each year of operation. In 1986 the license was extended for 15 years, but it ended in 2001. In 2002, the Macau government ended the monopoly and all together six casinos operating system licenses were granted to the STDM. 6 include Wynn Resorts, Las Vegas Sands, Galaxy Entertainment Group, a partnership with MGM Mirage, Pansy Ho Chiu-king, and the association of Melco PBL. There are 16 casinos operated by the STDM today, and they are still crucial in the casino industry in Macau. In 2004, the opening of the Sands Macao opened in a new age for gambling in Macau.

Macao has made great strides in the gaming industry. Known as the Asian Las Vegas, Macau has built a lot of casinos in the area and began with a courtesy that some large corporations in Las Vegas. The game plays a very important role in the economy of Macao. Many tourists from Hong Kong and the mainland to enjoy the game there. Few people visit local casinos in Macao, however. Casino games, horse racing and greyhound racing: In general, however, the game in Macau will be divided into three different categories. There are also sports betting and pass a number of different lotteries.

Macao is different than in many other areas, however. With the explosion of the Internet and all it has to offer, Macao continues to refuse to allow online gambling in their city. It is a place full of tradition. You seem to be in the draw without playing online.