Ristova, Cvetanka (2019) House always wins: Economic growth and development of Macau's hotel casino industry. Economic Development, Journal of the Institute of Economics - Skopje, 21 (1-2). pp. 136-149. ISSN 1857-7741
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Abstract
The No.1 casino rule is that the house always wins. At the end of the day, the house always wins because hotel casinos are businesses. They have to turn a profit to stay alive. Macau has done well for itself in recent years, and now its’ the world’s gambling capital, which continues to see consistent growth in its hotel casino industry. According to data from the International Monetary Fund (IMF) Macau, a city with an area of only 30 square km and a population of 650,000 in 2018 had a gross domestic product (GDP) per capital of US $ 122,500 which made Macau the second - richest city in the world.
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Other social sciences |
| Divisions: | Faculty of Tourism and Business Logistics |
| Depositing User: | Cvetanka Ristova |
| Date Deposited: | 15 Jul 2019 08:58 |
| Last Modified: | 15 Jul 2019 08:58 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/22239 |
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