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Advantages And Disadvantages Of Gambling In China

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TITLE: Gambling or gaming industry in the China (Casino)
Chapter 1: Introduction
1.1 What is gambling?
Gambling can be considered as a mode of entertainment, activity or game that people risk something of value, in order to get and win the prize or money on the uncertain event’s consequence (Cabot 1999). But, the consequence of the game people may risk to loss of something value like money. Players may leave from the gambling activity, game or casino with less money than players began with, or even with nothing at all (Cabot 1999). Gambling has many form of games which are scratch card, lotteries, card games such as blackjack and poker, and other table and machine games (Cabot 1999).
1.2 Advantages and disadvantages of casino
Casino bring a …show more content…

Because of this casino’s liberalization in Macau, it came out the individual visit plan that allowed citizens from selected Chinese cities to obtain the permits for visit the Macau gambling industry without join a tour that open in 2003 (Liu et al., 2015).
According to the Statistics and Census Service of Macau (2015) indicated that the Gross gaming revenue (GGR) of Macau was reached a historical peak in 2013 which is 45 billion US dollar, compared with Las Vegas casinos which only earned approximately 6 billion US dollar (Macau News 2014). This also represented 7 times of the Las Vegas Strip, it is the largest casino industry in USA, and also the No. 1 gaming destination in the world in 2005 (Macau News 2014). The revenue of Macau gaming industry was replacing the Las Vegas Strip since 2006 (Macau News 2014). Besides that, the Macau gaming revenue in 2014 was generated 43.94 billion US dollar, it considered as increased 12-fold from 2003 to 2014 with 18% growth rate of gambling industry, even in 2008, Macau met the global financial tsunami and experienced the debt crisis of European in 2012 (Gaming Inspection and Coordination Bureau Macau SAR

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