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The gambling resort will be located on Macau’s Cotai strip, which is hoped to become Macau’s gambling answer to the Las Vegas Strip.
Macau is expected to outdo Las Vegas and become the world’s biggest gambling market in 2005, with the territory’s casinos projected to bring in more than $5bn in gambling revenue as many wealthy Chinese come to Macau for their gambling.
Macau has an economic pattern relying very much on gambling. Nowadays, the gambling industry generates on 40% of the GDP of Macau. Also, gambling taxes form 64% of the government income which is absolutely a dramatic number that could hardly be imagined...
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