Casinos in Macau
Being renowned as one of the three biggest gambling towns in the world, Macau has long been a gambling heaven and viewed gambling as its biggest industry. So, if you want to know Macau well, you have to get knowledge of casinos in Macau first. The gambling in Macau was specialized in and set up by the government. While, in 2002, the government was no longer issue the gambling franchise but issue the gambling license to three companies, including the Macao Gambling CO., LTD, Wynn Resort CO., LTD, and the Galaxy Entertainment Group CO., LTD. In 2006, the turnover of Casinos in Macau has transcended Las Vegas and become the world’ s first Las Vegas.
When the Portuguese occupied Macau in the 16th century, the low class residents of Macau were mainly the physical labor workers and the servant working in the rich family. When they were free, they had nothing to do but gamble. Therefore, gambling became the most popular recreation. After the occupation of Macau by Portuguese, they announced that they would respect the local Chinese traditional way of life. So in the period of being occupied, the gambling atmosphere was spread the whole Macau. In order to generate revenues for the government, gambling in Macau was legalized in 1847.
In the late 19th century, the government introduced a licensing system for the Chinese gambling houses. Macau was transferred to the People's Republic of China in 1999 and became a special administrative region of China. During this transition, there were no changes to gambling policy in Macau. Gambling is the biggest industry in Macau and more than 30 percents of the financial income and 50 percents of the tax are coming from the gambling industry, which provides an important condition for the government to carry out the policy of low tax and tax exemption. However, the gambling industry is also a source of instability in the Macau economy, as it cannot promote the technology development and the productivity growth. The gambling business is still dependent on the prosperity of other Asian economies, especially that of Hong Kong and the mainland of China.
The Multidimensional Framework
The gambling in Macau can be divided into three kinds, the lucky betting, the horse racing and the lottery. The lucky betting, also called gambling entertainment, is the most popular betting form, which accounting more than 90 percent of the total revenue. Most of the casinos in Macau are set in the hotel with luxurious equipment, strict security and modern management and are opened 24 hours. There is another one located with the Jockey Club, which is only opened on the weekend.
The casinos roughly have the same rules. Minors are not allowed to enter, no admission fee, no clothes limit and no large bag, camera, video and phone are allowed to carry into the casino. There are many gambling games in the casino, such as the tiger machine, the French card and the roulette, etc. Only the Portuguese and Hong Kong currency was allowed in the casino. The foreign person can go the window for the exchange of chip. Each bet has the lowest and the highest bet, the gamblers are free to decide the wager according to their own strength.
As a hotel and casino resort in Macau owned by the Las Vegas Sands Corporation, Venetian Macau covers an area about 111,000 square meters and is the largest casino resort architecture in Asia and the second largest in the world. It is located on the Cotai Strip, Estrada da Baía de N. Senhora da Esperança. With 39 storeys, Venetian Macau is a large scale comprehensive resort with the function of shopping, entertainment, food, accommodation and exhibition. The casino covers an area of about 51,000 square kilometers and is divided into 4 themed gaming areas, including Golden Fish, Imperial House, Red Dragon and Phoenix. The casino consists of over 3400 slot machines and 800 gambling tables.
As the largest hotel casinos in Macau, Casino Lisboa is located in the southwestern corner of Avenida do Doutor Mário Soares. It is owned by the Sociedade de Turismo e Diversões de Macau, a Stanley Ho company and monopolized by the Macau tourism Entertainment CO., LTD. As a renowned comprehensive hotel, Casino Lisboa is more like a money maker working all the time. It offers a wide variety of table games and video poker. In terms of number of games offered, Casino Lisboa Macau is definitely one of the largest in the city. The gambling industry plays an important role in the economy development of Macau. In general, the gambling games can be divided into five types, including casino, gambling, horse racing, dog lottery, and football betting.
Wynn Macau, located in the Rua Cidade de Sintra, was a luxury integrated resort in Macau Peninsula owned by Wynn Resort. It was the first hotel in Macau that was built in the style of the Las Vegas hotels. The casino in Wynn Macau covers an area about 23,000 square meters. Originally the hotel had about three hundred slot machines and two hundred gaming tables, while, there are now hotels in the city that have thousands of rooms and slot machines. The typical Las Vegas entertainment will also be provided for the guest in the Wynn Casino Macau, such as the shows and other entertainment.
Sands Macau, located in Largo de Monte Carlo 203, is a casino resort in Macau Peninsula owned and operated by the Las Vegas Sands Corporation. The name ‘Sands’ was derived from the Sands Casino in Las Vegas, Nevada, American. It was built in the offshore garden with an area of about 6 hectares and was surrounded by the green and towering trees. The casino was opened to the public on May 18, 2004 at a cost of 240 million dollars. From then on, Sands Macau became a new gambling place for the tourist traveling in Macau. According to the newspaper, Sands Macau welcomed 25,000 guests on its opening day. The casino covers an area about 21,300 square meters and comprises of about more than one thousand slot machines and 740 gaming tables. Except the central part in the first floor, there are also equipped with the Pearl Room, the Paiza Club, the Level of Fortune and the Treasure Level. With the largest number of gambling tables, Sands Macau used to be the largest entertainment area before it was affected by the financial tsunami in 2008. In March 2006, Sands Macau was selected as one of the most popular 13 casinos in the world, together with the Lisboa Casino and the Mandarin Oriental Casino.