More than 80% of government revenue comes directly from the casinos. When the industry booms and tax revenue jumps, residentsmost of whom are employed in the businessreceive payouts from the government.
The gambling dependence has drawn attention from the highest levels of Chinese government.
During a December visit, President Xi Jinping encouraged Macanese leaders to expand beyond gambling and promote “appropriate diversification.”
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Factset: FactSet Research Systems Inc. 2015. All rights reserved.
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