The Gambling Capital Is About To Collapse
发布时间 2022-08-05 19:00:18 来源
摘要
Macau is one of the most iconic gambling hubs in the entire world which is quite ironic given China’s strong intolerance for gambling. The reason for this is that Macau has been strongly involved with gambling well before China got involved. You see, Macau was introduced to gambling by the Portuguese who struggled to bring in revenue for the region after the British and the Dutch won the Opium wars against China and took control of all trading routes. Given that Macau could no longer rely on trading, the Portuguese shifted the focus to gambling. While gambling was rather taboo across all of Asia, this didn’t stop Macau from attracting quite a bit of visitors. However, it wasn’t till a man named Stanley Ho stepped in that Macau became the gambling capital of the world. Despite their long history with gambling, Macau hasn’t been doing all that great since the pandemic started. Travel restrictions, covid shutdowns, and China’s gambling crackdown have all taken a massive toll on Macau’s bottom line. In fact, most casinos in Macau haven’t had a single profitable quarter since the start of the pandemic. This video explains why Macau is struggling to become profitable again and the uncertain future of their economy.
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Timestamps:
0:00 - The State Of Macau
1:26 - Survive Without Gambling
5:00 - China Tightening
8:02 - The Countdown
10:22 - The Future Of Macau
Resources:
https://pastebin.com/xCRXtFDF
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