Today is October 19, 2018
Macau or Macao (Chinese: 澳門, Cantonese: [ōu.mǔːn]; Portuguese: Macau, ( listen)), officially the Macao Special Administrative Region of the People's Republic of China, is an autonomous territory on the western side of the Pearl River estuary in East Asia. Along with Hong Kong, Guangzhou, Shenzhen, Zhuhai, and several other major cities in Guangdong, the territory forms a core part of the Pearl River Delta metropolitan region, the most populated area in the world. With a population of 650,900 in an area of 30.5 km2 (11.8 sq mi), it is the most densely populated region in the world.
Macau was formerly a colony of the Portuguese Empire, after Ming China leased the territory as a trading post in 1557. Originally governing under Chinese authority and sovereignty, Portugal was given perpetual occupation rights for Macau in 1887. Macau remained under Portuguese control until 1999, when it was returned to China. As a special administrative region, Macau maintains a separate political and economic system apart from mainland China. The People's Republic of China's obligation to run Macau as a special administrative region per the Joint Declaration on the Question of Macau expires on 20 December 2049.
In the news
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. You can help by adding to it. (March 2016)
November 25, 1921|
$7.0 Billion USD|
Stanley Ho, GBS (born November 25, 1921), also known as Ho Hung-sun, Stanley Ho Hung-sun (Chinese: 何鴻燊; pinyin: Hé Hóngshēn), is an entrepreneur in Hong Kong and Macau. Ho is sometimes nicknamed "The King of Gambling", reflecting the government-granted monopoly he held of the Macau gambling industry for over 35 years.
Ho is the wealthiest person in Macau, and one of the wealthiest in Asia. According to Forbes, he tied for 104th rank among the world's richest people in 2007, with an estimated net worth of $7.0 Billion USD. He owns many properties in both Hong Kong and Macau and has taken part in many kinds of business including entertainment, tourism, shipping, real estate, banking, and air transport.
As for his businesses, their income constitutes about one-third of the gross domestic product of Macau; in 2003, taxes on them accounted for about 30% of the Macau government's revenue; and they are collectively the largest corporate employer in Macau, with more than ten thousand employees.
Apart from Hong Kong and Macau, he has also invested in mainland China, Portugal, North Korea, Vietnam and the Philippines.
Ho is also a famous industrialist and entrepreneur in Asia, and he held a number of important positions in many firms in Hong Kong and Macau. His opinions and statements on Hong Kong's estate and commercial development have considerable sway on the market. Read more...
A Gondola ride in the Venetian, Macao
Image credit: Michael180
Did you know...
- ... that the Macau Tower's tethered "skyjump" and Bungy Jump by world renowned A J Hackett from the tower's outer rim is the highest in the world??
- ... that a casino in Macau is supposed to have the world's first underwater casino, with sharks / fish swimming around above the gamblers?
- ... that Sands Macao itself contains 740 table games which is more than any other single casino in the world?
- ... that Venetian Macao is modeled on its sister casino resort – The Venetian in Las Vegas – and is the largest single structure hotel building in Asia and the fifth-largest building in the world?
- ... that Ponte 16 may create an underwater tunnel from mainland China as an additional entry-point for mainlanders into Macau?
The Venetian Macao is a casino resort in Macau, China owned by the Las Vegas Sands hotel-casino chain. The Venetian is a 40-storey, $1.8 billion anchor for the 7 resort hotels which are under construction on the Cotai Strip in Macau. The 10,500,000-square-foot (980,000 m2) Venetian Macao is modeled on its sister casino resort – The Venetian in Las Vegas – and is the largest single structure hotel building in Asia and the second-largest building in the world.
The main hotel tower was finished in July 2007 and the resort officially opened on August 28, 2007. The resort has 3000 suites, 1,200,000 square feet (110,000 m2) of convention space, 1,600,000 square feet (150,000 m2) of retail, 550,000 square feet (51,000 m2) of casino space – largest in the world – with 3400 slot machines and 800 gambling tables and a 15,000 seat arena for entertainment/sports events. Read more...
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