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7/15/2014

Topic Reading-Vol.825-7/15/2014

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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