[QODLink]
Asia-pacific

Gambling boosts Macau economy

Casinos bring in billions to Chinese territory that has eclipsed Las Vegas as gambling Mecca of world.
Last Modified: 31 Jan 2013 10:24

Macau, a special administrative region of China, is tipped to become the world's fastest growing economy this year, thanks to its gambling industry.

Last year, casinos in the former Portuguese colony took in $38bn - that's six times more than Las Vegas - becoming the gambling Mecca of the world.

Al Jazeera's Steve Chao reports from Macau.

58

Source:
Al Jazeera
Topics in this article
People
Country
City
Featured on Al Jazeera
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Tokyo government claims its homeless population has hit a record low, but analysts - and the homeless - beg to differ.
3D printers can cheaply construct homes and could soon be deployed to help victims of catastrophe rebuild their lives.
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
Featured
Booming global trade in 50-million-year-old amber stones is lucrative, controversial, and extremely dangerous.
Legendary Native-American High Bird was trained in ancient warrior traditions, which he employed in World War II.
Hounded opposition figure says he's hoping for the best at sodomy appeal but prepared to return to prison.
Fears of rising Islamophobia and racial profiling after two soldiers killed in separate incidents.
Group's culture of summary justice is back in Northern Ireland's spotlight after new sexual assault accusations.