Macao comprises less than half a million people, and depends on gambling and tourism for its revenue, but judging by the latest data from the government, the small island – accessible by ferry from Hong Kong – is to continue growing throughout 2012.
It’s good news for the former Portuguese colony, which derives nearly all its revenue from gambling (all data in Macao’s currency the patacas):
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It makes interesting reading because, in May, this notable chart from The Economist revealed the growth in Asia’s gambling industry:
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| Source: The Economist, H2 Gambling Capital |
Even then, it was noted in the same article that:
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However, this could change for Macao this year.
