Gambling in Macau has been legal since the 1850s when the Portuguese government legalised the activity in the colony. Since then, Macau has become known worldwide as the "Monte Carlo of the Orient".
Gambling tourism is Macau's biggest source of revenue, making up about 50% of the economy. Visitors are made up largely of Chinese nationals from the mainland and Hong Kong. With the entry of large foreign casinos from Las Vegas and Australia, Macau overtook the Las Vegas Strip in gaming revenues in 2007.
Until Western-style casino games were introduced in the 20th century, only Chinese games were played, the most popular being Fan-Tan. Generally, gambling in Macau can be divided into three different categories: casino games, horse racing and greyhound racing. There is also sports betting and a number of lotteries. At the present time, Macau does not license online gaming operations.
Read more about Gambling In Macau: History, Economic Aspects
Famous quotes containing the word gambling:
“Someone once asked me why women don’t gamble as much as men do, and I gave the common-sensical reply that we don’t have as much money. That was a true but incomplete answer. In fact, women’s total instinct for gambling is satisfied by marriage.”
—Gloria Steinem (b. 1934)