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Home > Gambling in Macau


 

Gambling in Macau was legalized in 1847 under the rule of Portuguese and since then Macau has become known worldwide as the "Monte Carlo of the Orient". The first casino monopoly franchise was granted to the Tai Xing Company in 1937. The company was, however, too conservative to fully exploit the potential of gambling for development. Only chinese games were provided by the company at the time. In 1962, the government granted the Sociedade de Turismo e Diversoes de Macau (STDM) the monopoly rights to all forms of gambling. The licence was extended in 1986 for another 15 years but was expired afterwards. Today, there remains ten casinos operated by the STDM, and they are still crucial to the casino industry in Macau.

Gambling in Macau plays an important role in the economy of the city. Many tourists like gambling there. Also many local people in Macau frequently visit casinos. Generally, gambling in Macau can be divided into three different categories, which are playing games in casino, horse racing and greyhound racing. So, one can see that Macau has a variety of gambling activities. Firstly, let us see how the economic situation is affected by gambling in Macau.


1 Economic Aspect

So called "The Monte Carlo of the Orient", Macau has a economic pattern relying very much on gambling. Nowadays, the gambling industry generates over 40% of the GDP of Macau. Since the early 1960s, around 50% of Macau's official revenue have been driven from gambling. The percentage maintains until in the late 1990s. In 1998, 44.5% of total government revenue was gained from the direct tax of gambling. Then there was a 9.1% decrease in 1999. It was probably due to internet gaming, with its worldwide access, it was started in Macau in summer 2000 and made a significant drop in the government income. However, after the handover of the Macau from Portugal to China, the SAR released gambling licenses to other companies in order to eliminate the monopoly played by the Sociedade de Turismo e Diversoes de Macau. In 2002, the government facilitated the liberation of gambling industries by signing concession contracts with two Macau Gaming companies, Wynn Resort Ltd. and Galaxy Casino. This action opens the gambling market for competition and increased the government revenue(mainly from taxes) by a large fraction. It can also attrats more tourists to Macau. At this moment, from official statistics, gambling taxes form 64% of the government income, that is absolutely a dramatic number that could hardly be imagined.

However the gambling business is also the source of instability in the Macau economy, as the nature of gambling industry is not susceptible to technological advancement or productivity growth. Yet for the best possible fortune, the gambling business is still dependent on the prosperity of the Asian economies, especially that of Hong Kong. As a result, the economy of Macau will always be dependent on that of Hong Kong.


2 Casinos


Macau has nine casinos and the biggest one is the Casino Lisboa. All operated under Government franchise and rules are standard in all gaming halls. They open 24-hours a day and there is no entry fee. Visitors from foreign countries must be over 18 years old (local residents must be over 21) if they want to visit the casinos. Visitors are required to dress properly. Male guests are not permitted to wear shorts, sandels or slippers. Guests are not allowed to bring along with any weapons, cameras and pocketknives, they will be removed before entering. Players are also not obliged to tip any employees of the casinos.

Though many forms of gambling are legal there, such as blackjack, baccarat, roulette, boule, "big and small", fantan, keno and "tiger machine". The most popular game would be the Tiger machines because of its easiness to play. Compared to western casinos, the atmosphere is unglamorous, with the emphasis on serious betting. There is a minimum bet, currently 50 patacas on all games.

Actually, gambling has been legal in Macau for a long time. From 1851 to 1863, there was a licensing system for gambling houses. Until 1934, casino's ownership and operation was centralized. Through private negotiations,some franchises monopolized the operation right of all casinos. The casino industry has been controlled by the Sociedade de Turismo e Diversoes de Macau (STDM) monopoly for 39 years. That has changed in 2001 when casino licenses have been offered to other casino operators, including American casino tycoons Shelden Adelson and Steve Wynn.

On May 18, 2004, the Sands casino opened near the Macau Ferry Terminal.

List of Casinos in Macau
Name Opening Hours Size Special Features
Casino Lisboa 24 hours 107 slots and 146 table games Hotel with 1,000 rooms and 6 restaurants
Casino Macau Palace 24 hours 51 slots and 12 table games /
Jai Alai Casino 24 hours 208 slots and 59 table games /
Kam Pek Casino 24 hours 71 slots and 24 table games /
Kingsway Hotel & Casino 12:00pm - 4:00am 20 slots and 8 table games Hotel with 410 rooms
New Century Hotel & Casino 24 hours 19 table games Hotel with 554 rooms
Mandarin Oriental Casino 12:00pm - 4:00am 59 slots and 11 table games Hotel with 437 rooms and 6 restaurants
The Legend Club 24 hours 108 slots and 10 table games /



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