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| See also: | Other events of 2006 History of Macau | ||||
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| See also: | Other events of 2006 History of Macau | ||||
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports.
The economy of Macau 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.
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, Ohio, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM.
The Las Vegas Strip is a stretch of Las Vegas Boulevard in Clark County, Nevada, that is known for its concentration of resort hotels and casinos. The Strip, as it is known, is about 4.2 mi (6.8 km) long, and is immediately south of the Las Vegas city limits in the unincorporated towns of Paradise and Winchester, but is often referred to simply as "Las Vegas".
Gambling in Macau has been legal since the 1850s when the Portuguese government legalised the activity in the autonomous colony. Since then, Macau has become known worldwide as the "Gambling capital of the world" or the "Monte Carlo of the East".
Harrah's Entertainment was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gambling company in the world, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment.
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 Corporation is an American casino and resort company with corporate headquarters in Paradise, Nevada, United States. Its corporate mission is to create "Integrated Resorts" which feature a combination of gambling, accommodation, retail, and meeting space.
Tourism is a major industry in Macau. It is famous for the blend of Portuguese and Chinese cultures and its gambling industry, which includes Casino Lisboa, Macau, Sands Macau, The Venetian Macao, and Wynn Macau.
Wynn Resorts, Limited is an American publicly traded corporation based in Paradise, Nevada, that is a developer and operator of high-end hotels and casinos. It was founded in 2002 by former Mirage Resorts Chairman and CEO Steve Wynn, and is now run by CEO Craig Billings. As of 2020, the company has developed six properties.
Sands Macao is a hotel and casino resort located in Sé, Macau, SAR - China. It is owned and operated by the Las Vegas Sands Corporation, and was designed by Steelman Partners, LLP. It comprises a 229,000 square feet (21,300 m2) casino, and a 289-suite hotel.
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 second-largest casino in the world, the largest single structure hotel in Asia, and the tenth-largest building in the world by floor area.
The Cotai Strip is the central area of Cotai, mostly known for its cluster of resort hotels and casinos. The term was first coined by Las Vegas Sands Corporation regarding its building of a strip of hotel-casinos in the Cotai section of Macau.
South Point Hotel, Casino & Spa is a resort located along Las Vegas Boulevard in Enterprise, Nevada, south of the Las Vegas Strip. It is owned and operated by Michael Gaughan, the founder of Coast Casinos. It includes a 137,232 sq ft (12,749.3 m2) casino and a 25-story hotel with 2,163 rooms.
The Sociedade de Turismo e Diversões de Macau, SA is a company in Macau owned by the family of Stanley Ho. Historically, it held a monopoly to Macau's gambling industry as the only licensee for casinos. In 2002, the government of Macau began issuing more licenses and the monopoly was broken. Still, of the 41 operating casinos in Macau, 22 are owned by STDM, as of 2019.
The following outline is provided as an overview of and topical guide to Macau:
The Londoner Macao is a casino resort on the Cotai Strip, Macau. On 5 August 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 11 April 2012. The resort was rebranded as The Londoner Macao in 2021. The resort's redesign was completed in May 2023.
Gambling in China is illegal under Chinese law and has been officially outlawed since the Communist Party took power in 1949. Any form of gambling by Chinese citizens, including online-gambling, gambling overseas, opening casinos overseas to attract citizens of China as primary customers, is considered illegal. In practice however, Chinese citizens participate in state-run lotteries, regularly travel to legal gambling centers overseas or in the special administrative regions of Hong Kong and Macau and access gaming through offshore based proxy betting and online gambling companies.
The Parisian Macao is a casino resort on the Cotai Strip in Cotai, Macau, China owned by Las Vegas Sands, which features a half-scale Eiffel Tower as one its landmarks. It was originally expected to be operational in late 2015, with that later changed to August 2016. The hotel officially opened on 13 September 2016.
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