Macau

Macau (/məˈk/; 澳門; 澳门; "Bay gate"), also spelled Macao, officially known as the Macao Special Administrative Region of the People's Republic of China, is a special administrative region on the southern coast of the People's Republic of China. Macau lies on the western side of the Pearl River Delta across from Hong Kong, which is about 64 kilometers to the east, and it is also bordered by Guangdong of Mainland China to the north and the South China Sea to the east and south. With an estimated population of around 636,200 living in an area of 30.3 km2 (11.6 sq mi), it is the most densely populated region in the world.

As Portuguese Macau, it was administered by the Portuguese Empire and its inheritor states from the mid-16th century until late 1999, when it was the last remaining European colony in Asia under Portugal. Portuguese traders first settled in Macau in the 1550s. In 1557, Macau was rented to Portugal from Ming China as a trading port. The Portuguese Empire administered the city under Chinese authority and sovereignty until 1887, when Macau became a colony. Sovereignty over Macau was transferred to China on 20 December 1999. The Joint Declaration on the Question of Macau and Macau Basic Law stipulate that Macau operate with a high degree of autonomy until at least 2049, fifty years after the transfer.

Latest News for: Legal macau

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Macau casino shares soar on mainland China travel hopes

Manila Standard 26 Sep 2022
Macau is the only place in China where casinos are legal and the former Portuguese colony used to dwarf Las Vegas for the scale of bets placed each month ... Sands China led the pack, soaring more than 18 percent, SJM holdings rose more than 14 percent while Wynn Macau was up 10 percent ... Macau’s six operating concessions are currently up for renewal....
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Macau Casino Stocks Soar As China Readies To Open Up Travel

Investors Business Daily 26 Sep 2022
Casino stocks jumped early Monday as Macau city officials signaled China is set to ease Covid-era travel restrictions, making it much easier for people to return to globe's largest gambling hub ... Macau, a Chinese special administrative region, is the only place in the country where citizens can legally gamble....
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Las Vegas Sands Stock Leaps As Macau Eases Covid-Era Gaming Visit Restrictions

The Citizens 26 Sep 2022
Visitors from�five provinces -- Guangdong, Shanghai, Zhejiang, Jiangsu and Fujian -- will no longer need to go through a complicated e-visa process to visit Macau, the only city under Beijing's control that allows legalized gambling, under terms of the first phase of its new regulations....
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Profile: the fall of Alvin Chau, Macau’s junket king

Moneyweek 20 Sep 2022
Around a decade ago, when the tiny former Portuguese territory of Macau grabbed the global casino crown from Las Vegas, it boasted revenues seven times that of the US gambling capital ... Hit by Xi’s crackdown and then Covid, Macau’s “gambling-dependent economy” was in trouble long before Chau’s legal troubles began, says Foreign Policy....
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Sooner the better to unlock cage

Hong Kong Standard 20 Sep 2022
On August 11, even Macau passed a bill to create a new legal framework to attract overseas talent under three categories - highly qualified talent, talent of excellence and highly specialized talent. The administration in Macau knows the gaming hub cannot rely on casinos forever and has to diversify its economy in the longer term....
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Macau gambling boss denies illegal gambling, criminal syndicate allegations

Hong Kong Standard 19 Sep 2022
A well-known Macau gambling boss in China's special administrative region of Macau denied charges including enabling illegal gaming, running a criminal syndicate and money laundering at the start of his trial on Monday ... Macau is the only city in China where citizens are legally permitted to gamble in casinos....
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Seven companies bid for new casino licenses in Macau

Hong Kong Standard 14 Sep 2022
Seven companies have bid for new casino licenses in the world's biggest gaming hub, with new contracts set to start at the beginning of 2023, Macau's government said on Wednesday. Macau, a special administrative region of China, is the only place in the country where citizens can legally gamble in casinos....

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