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| See also: | Other events of 2008 History of Macau | ||||
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The economy of Macau is a highly developed market economy. Macau's economy has remained one of the most open in the world since its handover to China in 1999. Apparel exports and gambling-related tourism are mainstays of the economy. Since Macau has little arable land and few natural resources, it depends on mainland China for most of its food, fresh water, and energy imports. Japan and Hong Kong are the main suppliers of raw materials and capital goods. Although Macau was hit hard by the 1997–98 Asian financial crisis and the early 2000s recession, its economy grew approximately 13.1% annually on average between 2001 and 2006. Macau is a full Member of the World Trade Organization. Public security has greatly improved after handover to the People's Republic of China. With the tax revenue from the profitable gambling industry, the Macau government is able to introduce the social welfare program of 15 years of free education to all Macau citizens. In 2015, Macau's economy saw a sharp decrease due to the reduced spending by visitors from Mainland China since the Anti-corruption campaign under Xi Jinping.
Transport in Macau includes road, sea, rail and air transport. Road transport is the primary mode of transport within Macau, although a new rail system opened in December 2019 serving the areas of Taipa and Cotai. The main forms of public transport are buses and taxis.
The Macau Peninsula is the historical and most populous part of Macau. It has an area of 8.5 square kilometers (3.3 sq mi) and is geographically connected to Guangdong Province at the northeast through an isthmus 200 meters (660 ft) wide. The peninsula, together with downtown Zhuhai, sits on an island separated from the continent by distributaries of the Pearl River. The Border Gate was built on the northern isthmus. At the south, the peninsula is connected to Taipa Island by three bridges, the Friendship Bridge ; the Macau-Taipa Bridge ; and the Sai Van Bridge . The longest axis extends 4 kilometers (2.5 mi) from the Border Gate to the southwestern edge, Barra (媽閣嘴). There is a western "Inner Harbor" (內港) paralleled by an "Outer Harbor" (外港) to the east. The 93 meters (305 ft) Guia Hill (松山) is the highest point on the peninsula, which has an average elevation of 50 to 75 meters. Many coastal places are reclaimed from the sea. The Historic Centre of Macau, which is entirely on the Macau Peninsula, became a World Heritage Site in 2005.
The Venetian Las Vegas is a luxury hotel and casino resort located on the Las Vegas Strip in Paradise, Nevada, United States. It is owned by Vici Properties and operated by Apollo Global Management. It was developed by businessman Sheldon Adelson through his company, Las Vegas Sands. The Venetian was built on the former site of the Sands Hotel and Casino, which was closed and demolished in 1996.
Las Vegas Sands Corp. is an American casino and resort company with corporate headquarters in Las Vegas, Nevada, United States. It was founded by Sheldon G. Adelson and his partners out of the Sands Hotel and Casino on the Las Vegas Strip. The Sands was demolished and redeveloped as The Venetian, opening in 1999. An adjacent resort, The Palazzo, opened in 2007. Both resorts were sold in 2022.
Sheldon Gary Adelson was an American businessman, investor, political donor, and philanthropist. He was the founder, chairman and chief executive officer of Las Vegas Sands Corporation, which owns the Marina Bay Sands in Singapore, and the parent company of Venetian Macao Limited, which operated The Venetian Las Vegas and the Sands Expo and Convention Center before selling the properties in early 2022. He owned the Israeli daily newspaper Israel Hayom, the Israeli weekly newspaper Makor Rishon, and the American daily newspaper the Las Vegas Review-Journal.
Cotai is a 5.2-square-kilometer (2.0 sq mi) piece of reclaimed land on the top of the Seac Pai Bay between Taipa and Coloane islands in Macau that has connected two independent islands since 2005. The name, which is a portmanteau of Coloane and Taipa, can also refer to the island formed by the reclamation. In the second sense, the Special Administrative Region of Macau now consists of the Macau Peninsula, plus Cotai Island, about a mile to the south.
The Palazzo is a luxury hotel and casino resort located on the Las Vegas Strip in Paradise, Nevada. The Palazzo is part of a larger complex comprising the adjoining Venetian resort and Venetian Expo, all of which are owned by Vici Properties and operated by Apollo Global Management. The complex ranks as the second-largest hotel in the world.
The Venetian Macao, is a hotel and casino resort in Macau, China owned by the American Las Vegas Sands company. The 39-story structure on Macau's Cotai Strip has 10,500,000-square-foot (980,000 m2) of floor space, and is modeled on its sister casino resort The Venetian Las Vegas. It is the largest casino in the world, the largest single structure hotel in Asia, and the tenth-largest building in the world by floor area.
Articles related to Macau include:
The Cotai Arena is an indoor arena located on the premises of The Venetian Macao, on the Cotai Strip, in Macau, China. It opened in 2007 with a seating capacity of 15,000. The arena was known as Venetian Arena from 2007 to 2010, when it was renamed as CotaiArena. It hosts sporting events such as basketball, tennis and boxing, as well as concerts and internationally-televised awards shows.
Ponte 16 Resort Macau is located in Santo António, Macau, is a hotel and casino resort co-developed by SJM Investment Limited, a wholly owned subsidiary of Sociedade de Jogos de Macau (in turn, a subsidiary of Sociedade de Turismo e Diversões de Macau, which owns 51% of the project, and Macau Success Limited which owns 49% of the project. The resort opened on 1 February 2008.
City of Dreams is a casino resort in Cotai, Macau, SAR of People's Republic of China. Built, owned and managed by Melco Resorts & Entertainment, the resort, also known as CoD or CoD Macau, opened on 1 June 2009. Described as a "mega-casino" by The Guardian, in 2020 City of Dreams was the third-largest casino in the world. In total the property comprises three separate casinos, four hotels, five hotel towers, around 2,270 total hotel rooms, around 30 restaurants and bars, and 175,000 square feet (16,300 m2) of retail space.
One Oasis is a residential complex development in Cotai, south of Macau. The community facilities in the development encompass a clubhouse, a retail center, a 6-star hotel, and cultural and entertainment conventions. Phase 1 of One Oasis comprises five low-density residential towers providing 870 units. The construction of Phase 1 was scheduled to be completed in the second quarter of 2013. An array of flat mixes studio, 1-bedroom, 2-bedroom, 3-bedroom units and, 4-bedroom en-suites are offered, ranging from approximately 600 sq ft (56 m2), to over 2,000 sq ft (190 m2). Special units contain duplexes and sky houses with a minimum area of 3,000 square feet.
The Sofitel Macau at Ponte 16 is a hotel in Santo António, Macau. It is part of Sofitel Luxury Hotels. Since opening its doors in 2008, Sofitel Macau and the management have been credited a number of tourism awards.
The Londoner Macao is a casino and resort on the Cotai Strip, in Macau. On August 5th, 2011, Sands China announced that the $4 billion property, long referred to as parcels five and six, would be officially named Sands Cotai Central. The first portion of the resort opened on April11th, 2012. The resort was rebranded as The Londoner Macao in 2021. The resort's redesign was completed in May 2023.
The 10th International Indian Film Academy Awards were a major film awards ceremony honoring the best Bollywood films of 2008. The ceremony was held in The Venetian Macao, Macau from 11 June to 13 June 2009. The choice of Macau as host city was considered a well-planned decision, aimed at reducing tensions between India and China, as well as to end the "deadlock" between the two countries over the issue of exchange of cinema. The ceremony was hosted by Boman Irani, Ritesh Deshmukh and Lara Dutta.
José Maria da Ponte e Horta was a Portuguese noble who served as a colonial administrator and soldier in the Portuguese Empire. He is best known for his roles as the two time governor of Angola and the governor of Macau and governor of Mozambique.
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