Is Macau turning a flush into a bust? — forbes.com

When China relaxed gambling restrictions in Macau just over a decade ago, it was like taking the cork out of a champagne bottle. In no time the region – only recently ceded to the Chinese by Portugal after 400 years of colonial rule – was on a hot streak that made Las Vegas look like a drop-in centre for low-rollers. Like Hong Kong, Macau is a special administrative region within the People’s Republic, meaning it has different rules and a degree of autonomy from the mainland as well as Western-style freedoms guaranteed “for at least 50 years”.

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