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Encyclopedia—Macao

Economy

A free port, Macao is a leading trade, tourist, and fishing center, but gambling casinos account for much of its GDP. There are also textile, clothing, electronics, toys, plastics, fireworks, and food-processing industries. Most of Macao's transit trade with China is by way of its shallow harbor on the west side of the peninsula. Tourism, mainly for gambling, is extremely important to the province, with many coming from nearby Hong Kong. Restrictions on foreign investment in casinos were lifted in 2001, and by 2006 Macao had exceeded Las Vegas in total money gambled. There is daily ferry and bus service to Guangzhou and ferry, hydrofoil, and helicopter service to Hong Kong. Taipa is connected to Macao city by bridges; Taipa and Colôane islands are connected by a causeway. An airport opened in 1995.

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Related content from HighBeam Research on: Macao: Economy

The VIP-room contractual system and Macao's traditional casino industry. (China: An International Journal)

Evolution of Macao's Casino industry from monopoly to oligopoly: social and economic reconsideration. (Journal of Economic Issues)

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Differences in strategies of upward influence: a comparative study of managers from China, Macao and Portugal. (International Journal of Business)

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Global Viewpoint: An Economic Tour de Force.(world economy analysis) (Chief Executive (U.S.))

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