Macau History
FAQ - Macau; Login or Register. Save your delivery information and view order history. Save products to favourite and shopping lists; Email. Sign up. Macau (/ m ə ˈ k aʊ / ; 澳門, Cantonese:; Portuguese: ), also spelled Macao and officially the Macao Special Administrative Region of the People's Republic of China, is a city and special administrative region of the People's Republic of China in the western Pearl River Delta by the South China Sea. Macau was on of the first areas to be colonized by the Portuguese and also one of the last to be decolonized. Find out more in this brief overview of the his. Macau was on of the first areas to.
Macau casinos experienced a 63.7% year-over-year drop in brick-and-mortar gambling revenue, according to numbers released by the Gaming Inspection and Coordination Bureau.
Operators in the region reported winning the equivalent of $1 billion from gamblers in January. It was the 12th straight month of a year-over-year decline of more than 60% and the 16th consecutive month with a year-over-year decline of any size.
It’s likely that operators will report an increase in year-over-year revenue for February as it was about a year ago that the coronavirus first took hold in the country and the government forced the casinos in Macau to close for 15 days.
It’s up slightly, however, from December’s $979 million and November’s $845 million in revenue, showing that the area is slowly rebuilding after the COVID-19 pandemic severely hurt the casino market in the former Portuguese colony.
Amid the slight optimism, there is still some concern. According to a Reuters report, there was a rise in COVID-19 cases in January, which hurt the tourism industry. Analysts at Sanford C. Bernstein also added that the casinos travel visa processing was delayed due to the increase in cases and the necessity of testing, which also caused high rollers to stay away from casinos.
Chinese New Year occurs during the second week of February and is generally a catalyst for tourism and increased gaming revenue for the casinos. Analysts had been pointing towards improvement in the market since October, but with an increased number of cases and a lack of VIP gamblers, they are starting to tone down their optimism.
“The travel impediments will lead certainly to reduced visitation (versus earlier forecasts) into Macau for the next weeks at least, with Chinese New Year visitation being impacted,” wrote analysts at Sanford C. Bernstein.
In the early 1550s, Portuguese merchants sailed to the mouth of the Pearl River delta looking to establish a trading post in southern China. In 1557, they were granted land by the Ming-dynasty government, under an agreement stating that it would fall under the jurisdiction of Guangdong province Chinese officials. It remained like this up until 1887, when the Portuguese officially leased the land for a period of 40 years. After that time, Macau officially become a colony of Portugal.
Macau History And Culture
Macau History Timeline
From the moment that the Portuguese stepped foot on Macau’s shores, they maintained special rights and a higher social status than the local Chinese. This led to unrest among the Chinese, and sometimes even violent outbursts, such as the assassination of Gov. Ferreira do Amaral in 1849. During the communist Cultural Revolution in mainland China, a riot broke out in Macau during the infamous “12-3 incident”, which led to a decrease in Portuguese sovereignty over the territory. In 1974, after the “Carnation Revolution” in Portugal, the Portuguese government officially declared intentions of returning control of Macau back to the Chinese government.