"More than 80% of government revenue comes directly from the casinos"
China is so dependent on the money from
Macao, yet they do everything possible to
cut it off. Crackdown on corruption and
scare people away, ban smoking in a country
where almost everybody smokes, make
visa's hard to get. It's almost like they don't
have a clue.
No, the amount that Macao contributes to China's GDP is a piddling. Nothing would happen to China if Macao went belly up and all the casinos closed
You aren't seeing anything yet.
You have to watch out for the 6 $3b projects under construction.
2 will be completed this year. The others we shall see.
It may turn out to be Vegas again during the recession in 2008.
Unfinished construction left rotting and companies like Byod and others going bust.
Sands Las Vegas and Wynn both have projects under construction in Macao. They must know something. I doubt either is going bust.