Colonized by the Portuguese in the 16th century, Macao or Macau was the first European settlement in the Far East.

Pursuant to an agreement signed by China and Portugal on April 13, 1987; Macao became the Macao Special Administrative Region (SAR) of China on December 20, 1999. China has promised that, under its “one country, two systems” formula, China’s socialist economic system will not be practiced in Macao, and that Macao will enjoy a high degree of autonomy in all matters except foreign and defense affairs for the next 50 years (until 2049).

Macao is known for its tourism and gambling industry since 150 years ago. This industry consists mainly of tourism, hotel, gambling and catering businesses and recreational activities, holding an important position in the economic structure of Macao. It provides more than 70,000 jobs, accounting for some one third of Macao’s total employed population; and it contributes up to 42 percent of Macao’s total output value.

The number of travel agencies and hotels in Macao fully indicates the prosperity of local tourism and gambling industry. Presently it has some 120 travel agencies, over 100 hotels and inns with more than 8,000 rooms. It also boasts over 200 entertainment and recreational facilities, including bars, dance halls and night clubs.

Gambling plays a principal role in Macao’s tourist and gambling industry, with diversified species including lottery tickets, casino gambling, greyhound racing and horse racing.

It is a gambling heaven for some of you. Thinking of flying to Macao now?

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