When one thinks of gambling in Asia, there is no place better than Macau! Macau is already overtaken Las Vegas as the world’s largest casino market with the never ending supply of wealthy Chinese businessmen traveling to the south coast of the country to test their luck. But Macau has just announced its second lowest revenue of 23.87 billion patacas. Although the number is still an enormous sum, there is not denying that the reason behind Macau’s revenue dropping is traced back to the economy of China. If the businessmen are not making as much money, it will result in less of them arriving to Macau; hence decrease in revenue.
One major reason for this the unsteady political situation China is currently in. The conflict between choosing a new leader has created tensions and without a doubt has affected the countries economy. If the economy continues to slow down, China will inevitably affect other countries such as the United States and Canada. And if it affects our neighbors to the south, Canada, who greatly depends on the United States will also be in danger.
Work cited:
http://www.reuters.com/article/2012/10/04/uk-macau-revenues-idUSLNE89300S20121004