A tiny country often nicknamed the “Las Vegas of Asia” is among the richest countries in the world. Macao is a vibrant and culturally rich region located on the southern coast of China. It consists of a peninsula and two islands in the Pearl River Delta, bordering Guangdong Province to the north and facing the South China Sea to the east and south.
Since the late 20th century, it has grown into a prominent Resort city and a leading destination for gambling tourism. Its gambling industry is seven times bigger than Las Vegas.
With around 700,000 people and over 40 casinos in an area of about 30 square kilometres, this narrow peninsula south of Hong Kong has become a lucrative hub.
Beyond its casinos, Macao is a popular tourist destination known for its rich cultural heritage, historic sites, and vibrant entertainment scene.
Its UNESCO-listed historic centre, with its blend of Portuguese and Chinese architecture, is a major draw for tourists, contributing to the region’s economy through hospitality, retail, and other tourism-related industries.
It also serves as a regional financial hub, offering a range of banking, insurance, and investment services.
Its strategic location and status as a free port have made it attractive to multinational corporations seeking to establish a presence in Asia.
Situated on the Pearl River Delta, Macao benefits from its proximity to Hong Kong and mainland China, making it a gateway for trade and investment in the region.
Source: Express.co.uk
