Dear MEL School’s
Topic Readers,
The World’s
Richest Countries: Casinos beat the banker-Macau leapfrogs Switzerland in
wealth chart.
Macau, the world hub
of gambling, ranked number four in 2013 in the world wealthiest territory list after
Luxemburg, Norway and Qatar. According to the list released by the World Bank
shows the former colony of Portuguese’s GDP, Gross Domestic Product, per capita
leaped staggering 18% from the previous year, thanks to the booming casino
business that created $45 billion in revenues, seven times as much as Las Vegas
did in the same year.
Why did their gambling
business soar so much for a territory only with just over half million
population? It’s the same story as its cousin city, Hong Kong. Tourists from
mainland China rushed to these two coastal cities the deep pockets. These days,
wherever they go, they seem to be the most welcomed visitors for the local
businesses and economy.
Enjoy reading and
learning about where the wealthiest places in the world are.
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