Macau is the only place in China where casino gambling is legal.
Macau's casino industry expanded rapidly after the former Portuguese colony was returned to China.
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Gambling has been part of Macau society for hundreds, if not thousands of years, however, the first legal casinos appeared under Portuguese rule in the 1850s.
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There are over 210 betting terminals "on-course". All terminals can perform sell and pay functions. Punters may bet in Hong Kong dollars or Macau patacas. Bets are accepted up to the start of each race. Punters may place a bet by oral instructions or by filling a ticket.
Before we leap into our Macau fun guide and Macau casino hotels review, a quick geography lesson to help you get your bearings.
For decades, Macau has pledged its loyalty to Beijing in exchange for a steady influx of cashed-up gamblers. But the dramatic arrest of a casino owner leaves many wondering what lies in this port city's future.
The casino was built in the 1960s by Stanley Ho, known as the ‘king of gambling’, who held the monopoly of the Macau gambling industry for 40 years until China took over Macau and opened the gambling concessions to international companies
Grand Lisboa Deluxe/ photo: hotel
Meanwhile, the six multinational casino companies that dominate the economy agreed to invest billions into Macau as a condition of renewing their operating licences.
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Alas, Macau has also been dealt some dud cards. A China government crackdown on extravagant spending by officials had a huge impact on Macau’s high-rolling revenues in 2014 to 2016. Resort operators were required by law to diversify from majority casino-focused offerings to embrace Vegas-style family entertainment. After a stubborn start, this begun to change as Macau is forced to consider new markets, and family travel becomes an important target.
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Today, Macau has the only legal casinos in China, a situation made possible by Macau's status as a "special administrative region" under China's "one country, two systems" regime.
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In general terms for all aspects of the industry, Macau follows an administrative concession system, under which the Government and private entities legally incorporated in Macau enter into a concession contract with Macau. This is the case for the operation of casino games, lotteries (Chinese and sports lotteries) and pari-mutuel (horse racing and greyhound).
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Las Vegas saw Macau looming large in its rearview mirror and by the end of 2006 had been eclipsed on casino revenues. In 2013, gambling revenue in Macau hit a staggering US$45 billion – up 18.6 percent from 2012 and seven times more than the Las Vegas Strip. This once sleepy enclave has indeed woken up – fast.
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So, what are you waiting for? Book your trip to Macau and visit the Grand Lisboa Casino today. You will not regret it.
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Specifically, as regard to casino games, the concession follows a selection made by means of an international bidding process put in place by the Macau Government.