Macau: Gambling Destination No More?

Two or so years ago, Macau was the premier gambling destination in Asia.  Even gamblers from the West would want to visit this little country (or territory, if you wish to call it that) in Asia to have one of the best gambling experiences they could ever have.  It was the gambler’s dream.

The dream has come short of a nightmare – not only for the gambler but the countless other people who are involved in one way or another.  Despite the high ambitions of the companies backing up the gambling industry (or perhaps because of it), the gambling industry in Macau is suffering great blows.  The BBC has this story:

Flashy casinos and garish hotels tower over what was once a sleepy trading town at the mouth of south China’s Pearl River Delta.  But now some of those towers stand half-finished, the sound of building work has gone. Only dust and concrete remain. The thousands of construction workers who poured over the border into the territory from China every day now have much less to come for.

The US-based Las Vegas Sands group has halted construction of five new hotels, huge shopping centres and several new casinos.   About 10,000 foreign workers and 2,000 workers from Macau have lost their jobs so far.

All is not lost, however, as experts are saying that this slowdown could be a good thing in the long run.  The lightning quick expansion may have been the culprit and with the cutbacks, gambling in Macau just might be able to bounce back in the future.  If I were you, I would try to get a piece of the action – if only for the experience – now and then wait and see what will happen.

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