2023-06-23 20:10:13
– The largest gambling paradise in the world is on the brink of collapse
Macau’s casinos made six times the revenue of Las Vegas. Until China’s strict zero-Covid policy banned all fun. Now Beijing wants to make the former colony independent of the casino business. A risky plan.
Florian Mueller
Published: 06/23/2023, 22:10
Macau is now to become a center for health, the financial industry, high-tech companies and trade fair tourism: the Galaxy complex in Macau.
Photo: Vincent Yu (Keystone)
Taiwanese entrepreneurial couple Ms. Qiu and Mr. Fu sit in designer t-shirts and sneaker shoes at slot machines at the Parisian casino resort in Macau. Only the rich play here. Jewels and crowns swish across the screen. Mr. Fu is set to automatic, so he doesn’t have to lift a finger while HK$176 (about 20 euros) disappears from his bank account with every game. There are hundreds of games per hour and mostly thousands of euros – loss. The house always wins. Indifferently, Mr. Fu lets his gaze wander to his wife’s screen, who is playing next to him.
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