Macau Feels the Pinch of China's Slowdown

They’re still booming, but the rate of growth is shrinking fast
Governor Nobre de Carvalho Bridge, also know as the Macau-Taipa Bridge, with casinos and hotels Photograph by Justin Guariglia/Redux

Macau’s casino business is showing signs of fatigue. The former Portuguese colony, the only place in China with legalized casino betting, is the world’s top gambling hub, with $34 billion in gaming revenue last year. Thanks to Chinese tourists flocking to the Special Administrative Region, Macau has enjoyed torrid growth—gross domestic product increased by 21 percent last year—and a jobless rate of just 2 percent. Revenue growth for the casinos was even better, climbing 42 percent in 2011.

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