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What is the reason for the rapid development of Macau’s gaming industry in recent years?

The reason is that now everyone’s life is gradually getting better. While they have enough food and clothing, they also have more funds for their own entertainment, which also drives the development of the gaming industry.

Related introduction:

Macau has always been known as the "Gambling Port". The gaming industry has a long history in Macau, with a history of more than 150 years. In the early years, the most popular gambling was Fan Tan and Pai Gow. In the 20th century, Western gambling games were introduced to Macau and integrated with local gambling methods to form a diversified gambling structure. Macau is now one of the three major gambling cities in the world, known as the "Monte Carlo of the East" and the "Las Vegas of the East".

Macau also banned gambling at first, but later, in order to solve the dilemma of sharp decline in trade and income constraints, the Macao and Portuguese authorities implemented an open invitation for investment and gambling, and levied "gambling rates" from casinos to generate gambling revenue. Increase revenue. In the mid-1860s, the Macao-Portuguese authorities mainly relied on gambling salaries and opium and cigarette taxes to increase their annual fiscal revenue to more than 200,000 yuan, and a balance of about 40,000 yuan was handed over to the Portuguese treasury.

In 1847, the Macau government issued a decree declaring the legalization of the gambling industry, marking the beginning of the legalization of the gambling industry. However, there were no dedicated casinos at that time. After the 1930s, Macau's gaming industry was replaced by a contract between the government and entertainment companies and a patent operation. Operators must pay gambling rates - gaming tax to the government and operate in accordance with the contract.

In 1937, Taixing Entertainment Company, formed by Gao Kening and Fu Deyin, began to implement a gambling franchise system, and the development of Macau's gambling industry began to take shape. However, the Tai Hing Company was not operating well, and the heirs of Gao and Fu were not enthusiastic about the gambling industry. The Macau government therefore re-formulated the gambling industry management regulations in the 1950s and publicly bid for the management rights of the gambling industry.