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미국주식/Scribbling ideas

Macao, the future of casino business

  You know, Macao was in Portuguese hands for, like, more than 300 years. Then, in 1999, China was like, "We're taking over," and that meant Macao still had more of a Portuguese vibe than Chinese. You see, Europeans are all about that nightlife scene, and that's when the whole casino thing came into play, thanks to this dude named Stanley Ho, who's basically the big boss of Macao. He went and built this crazy fancy casino in a place where casinos weren't even a thing.

  But here's the deal - once that super fancy, wallet-draining casino was up and running, people started flocking there, dreaming of living the high life that the casino portrayed. Folks were dropping some serious cash, just like Stanley hoped they would. However, since Macao got handed over to China, the casino business has been having a tough time dealing with all the rules and regulations that the Chinese government throws at them. You can tell China isn't too keen on gambling, especially when you look at how they handle people caught up in drugs = it can lead to some pretty harsh penalties, even death in some cases.