What Gambling Can Do to Macao
Gambling has brought many good things to different places, and so it has in Macao. Macao has enjoyed the fruits of gambling ever since, but the blessings sky rocketed when they decided to put an end to the gambling monopoly held by Stanley Ho, and welcomed investors from foreign lands. As of today, there are five gambling houses or casinos that are owned by foreigners. This happened in 2003, and ever since that, profits were pouring in.
There is a forecast that the gambling industry will experience significant growth in Macao this year. Currently, there are 21 legal gambling houses in Macao, and they all helped the government through the taxes. The gambling industry also helped in bringing tourists into their land, with a large number of these tourists visiting Macau for its gambling houses.
Because of the success of gambling industry, Macao's economy is booming. However, local employees do not seem to be happy. Their wages are still low, considering Macau's economic growth. They say that with their low income, they could not afford today's high prices.
Even though the gambling industry brings on career opportunities in the gambling houses, there is still a large number of unemployed locals. This is because gambling houses' owners prefer employing workers from outside Macao because the cost is cheaper. Some of these foreign laborers come from China, Philippines and Hong Kong. Protests against overseas worker hiring were made by locals of Macau.
To answer the locals' protests, the government of Macao has strengthened its call to the gambling industry's tycoons to stop hiring workers from outside Macao. They believe this is the way in which the government, the investors and the people of Macau could all be happy with the growth of the gambling industry. The chief executive of Macao Special Administrative Region, Edmund Ho Hau Wah, explains that they will try their best to make the locals be part of these blessings.
There is nothing wrong with exploring new things such as the gambling industry. It has been proven to be very profitable, even if so many people see gambling as a sin. Gambling has brought money in to Macao, and hopefully in the future, the locals will be given their share of this fortune by having them work in the gambling industry, instead of foreign employees. After all, it is their land where this gambling industry is ripping its fruits, so it is about time to give something back to the people.
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