Analysis Of The Development Of The Gambling In Macau

The gambling’s history in Macao has more than200years. Since1847, thegambling in Macao has experienced four changes, and gradually become an importantpart of Macao’s social and economic，and become to the pillar industry of Macao.The first chapter is describing of the development of the gambling in Macao.Focuses on describing of the four times change with the development of the Macao’sgambling. The four changes were: First, in1847the government in Macao announcedthe legalization of gambling, the government fiscal revenue is improved; The secondchange in the reform of1930in order to carry out the gambling franchise; In1961, theimplementation in order to speed up the recovery of the gambling industry the thirdrevolution, for40years during the heyday of the changes brought about by thegambling franchise system. The fourth change is in2002Macao government topromote and consolidate the gambling and tourism as Macao economy "leader" and topromote common development of other industries and the implementation of the"opening gambling". This paper is introducing the development of the gambling inMacao through the four times change, to understand how the gambling in Macao isbecome a social economic status, and highlight the characteristics and advantages ofthe gambling in Macao.Secondly, according to the development of the gaming industry in Macau and itsown characteristics and advantages, has four chapters on the development of thegaming industry in Macau analysis:The second chapter is describing of the development of the gambling in Macao.Focuses on describing of the four times change with the development of the Macao’sgambling. The four changes were: First, in1847the government in Macao announcedthe legalization of gambling, the government fiscal revenue is improved; The secondchange in the reform of1930in order to carry out the gambling franchise; In1961, theimplementation in order to speed up the recovery of the gambling industry the thirdrevolution, for40years during the heyday of the changes brought about by the gambling franchise system. The fourth change is in2002Macao government topromote and consolidate the gambling and tourism as Macao economy "leader" and topromote common development of other industries and the implementation of the"opening gambling". This paper is introducing the development of the gambling inMacao through the four times change, to understand how the gambling in Macao isbecome a social economic status, and highlight the characteristics and advantages ofthe gambling in Macao.The third chapter is around the gaming industry in Macau features, advantagesand analysis on the outlook of the gaming industry: Macau’s gaming industry has ahigh market share of foreign-funded enterprises, product development imbalances andeconomic contribution; at the same time, the industrial advantages of the gamingindustry in Macau, policy advantages, resources laid the foundation for Macau tobecame “the gambling city of the world”. How Macau’s gaming industry is to developin the future? With its characteristics and advantages, and play industrial advantages,the development of industrial diversification; make the best use of the policyadvantages of linkage Hengqin Island build a cross-border recreational experiencesand strengthen the positive publicity, the implementation of the "ResponsibleGambling" three proposals.Chapter Four described around the major companies operating status of thegaming industry in Macau, Melco PBL Gaming (Macau) Limited, Venetian (Macau)Limited and Galaxy Casino, S.A. three the most representative in Macau gamingcompanies were introduced, through the course of its development, the operatingcharacteristics of the current understanding of the operation of the gaming industry inMacau.The fifth chapter is the performance evaluation of the development of the gamingindustry in Macau: to introduce the Macau gaming industry’s contribution to society,elaborated mainly from four aspects of economic responsibility, legal responsibility,moral responsibility and social responsibility. Economic responsibility refers to theMacao gambling industry contributed to Macao’s GDP accounted for more than80%,the development of Macao’s gambling industry also led to improve the employmentrate, the common development of other related industries; in legal liability, they arestrictly legislation, resolutely implement "anti-money laundering", to ensure that thelegitimate business; in the moral responsibility, actively promote the responsible gambling, solve the pathological gambling behavior; In social responsibility,gambling enterprise should undertake the social charity, philanthropy and thepromotion of the implementation, at the same time, the construction enterprise is alsoactively involved in gambling social welfare, changed people’s understanding andview of the traditional gambling industry, laid the foundation for the development ofthe gambling in Macao. Third, it is describing additional development of the industrydriven by the gaming industry in Macau, including tourism, services, retail,transportation, exhibition and investment related industries, the rapid development ofhigher yields are gaming industry.After analysis of the development of the gambling in Macau, at the last chapterof this article it is describing of the development status of the lottery in MainlandChina and the problems: Mainland China’s lottery industry there the information isnot public, high homogeneity, vicious competitive and legislation, regulation is not inplace three issues. At the same time, the proposed three suggestions on thedevelopment of China’s lottery industry: moderate liberalization of markets, increaselottery species, to avoid homogeneity, the only way to improve the overallcompetitiveness of the lottery industry, has won to neighboring countries scalegambling challenges; Second, the proposed lottery industry should return to nature,should continue to adhere to the public welfare as the starting point to play the realrole of the lottery; lottery enterprise should be highly concerned about socialresponsibility, learning Macau gambling enterprises firmly fulfill the "responsibleGambling" obligations.