AltSimplified
AltSimplified
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How China made its own Vegas
Macau is 3 times larger than Vegas by gambling revenue, peaking at 7 times larger in 2014. Home to more than 35 casinos which operate under 7 concessions.
Consistently having one of, if not the highest GDP’s per capita, Macau’s economy grew at an insane 80% in 2022-23, registering one of the highest economic growth rates in the world.
The former Portuguese colony has become wealthier than Hong Kong, Singapore or Dubai, all through gambling!
#Macau #vegas #China #Casinos #Macao
-- TIMESTAMPS --
0:00 Intro
2:29 Why does Macau even exist?
4:06 How did Macau get into gambling?
6:09 Tycoons role in Macau's gambling?
13:39 Outside impacts on Macau?
15:37 How China made Macau bigger than vegas
19:01 Who paid the price for Macau's success?
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📕Recommended Reading:
Many have asked what we'd recommend to start reading, so check out the links below. They are affiliate links, but come at no extra cost to the viewer, you'd just be supporting the Channel if you used them.
📘Asian Godfather: amzn.to/45LfPkR
📘"Debt: The First 5000 years": amzn.to/3z0oljm
🎙The mic we use to record: amzn.to/3xnQksU
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КОМЕНТАРІ

  • @swapansinha5717
    @swapansinha5717 День тому

    Pakistan main problem is political instability and internal relations between Pakistan army and pentagon.......

  • @KyaloSengani-ou2hl
    @KyaloSengani-ou2hl 3 дні тому

    And we had jomo kenyatta who made kenya developed??😅

  • @mahamudul_youtube
    @mahamudul_youtube 3 дні тому

    Really awesome video. You must have noticed that I follow your videos regularly and share them with my friends but we noticed that there are some reasons why your videos don't get enough views like comments which I am going to show you if you are interested.

    • @AltSimplified
      @AltSimplified 3 дні тому

      Sure, always appreciate feedback. Feel free to leave a comment

  • @jazening3075
    @jazening3075 3 дні тому

    Fascinating!👍

  • @bambusstylianides7636
    @bambusstylianides7636 3 дні тому

    Enjoyed the video however the question is where do you come in and how do you envisage helping the situation Thank you

  • @bensontam
    @bensontam 5 днів тому

    Macau is a nation!? The host must have failed both geography and history.

    • @AltSimplified
      @AltSimplified 5 днів тому

      Hey! thanks for the comment. A nation can mean many things, but I guess I was going off the definition in the oxford dictionary with the or as a conjunction "a large body of people united by common descent, history, culture, or language, inhabiting a particular country or territory."

  • @brianliew5901
    @brianliew5901 5 днів тому

    Macau a nation of 650,000? 😂😂😂😂😂

  • @raven4095
    @raven4095 6 днів тому

    I never left Greece during the crisis and I never regretted it We have our issues but we have also our strengths

  • @mahamudul_youtube
    @mahamudul_youtube 6 днів тому

    Your videos are really awesome and your content ideas are very good.

  • @mahamudul_youtube
    @mahamudul_youtube 6 днів тому

    Welcome back after 2 years but where were you bro...

    • @AltSimplified
      @AltSimplified 6 днів тому

      I started a family and I'm now ready to dedicate more time to making videos. Lots of great infographics and animations lined up! Next video out end of next week

  • @gilberttello08
    @gilberttello08 6 днів тому

    👍👍

  • @taiwanstillisntacountry
    @taiwanstillisntacountry 7 днів тому

    Macau SAR of the PRC is 3x bigger in gamble bussiness the merry-Las Vegas.

    • @AltSimplified
      @AltSimplified 7 днів тому

      It's amazing isn't it! Depending on the year up to 7 times 🤯

  • @koa818
    @koa818 7 днів тому

    Good explanation/// SG

  • @jon6309
    @jon6309 8 днів тому

    Hmm but Macau is not really a country. It’s more of an autonomous area.

    • @AltSimplified
      @AltSimplified 7 днів тому

      That's right, it is now. Back in the 90s it was fully financially self sufficient under Portuguese control

  • @AbdulMoizAkbar999
    @AbdulMoizAkbar999 8 днів тому

    Welcome back after 2 years🎉 but where were you???

    • @AltSimplified
      @AltSimplified 8 днів тому

      Thank you! I started a family 🥳 a few more videos lined up in the coming weeks.

    • @AbdulMoizAkbar999
      @AbdulMoizAkbar999 8 днів тому

      @@AltSimplified waiting for those awesome videos

    • @AltSimplified
      @AltSimplified 8 днів тому

      Next one early July 🥳

    • @AbdulMoizAkbar999
      @AbdulMoizAkbar999 8 днів тому

      @@AltSimplified 👍🤗

    • @NSHUTINoble
      @NSHUTINoble 8 днів тому

      @@AltSimplified Can't wait!!

  • @frederikskovby2116
    @frederikskovby2116 8 днів тому

    Awesome video, thank you ❤

  • @NSHUTINoble
    @NSHUTINoble 9 днів тому

    Welcome back legend🎉🎉

    • @AltSimplified
      @AltSimplified 8 днів тому

      You're the legend! Let me know what topics you're interested in. 🎉

    • @NSHUTINoble
      @NSHUTINoble 8 днів тому

      @@AltSimplified was wondering if you'll continue the US states economy series or expand it to other countries subdivisions?

    • @AltSimplified
      @AltSimplified 8 днів тому

      I will be! With a slight twist

  • @wolfheadedconjuror
    @wolfheadedconjuror 9 днів тому

    Yo the legend is back!

    • @AltSimplified
      @AltSimplified 8 днів тому

      You're the legend for watching! Let me know what topics you're interested in for future videos 🎉

    • @wolfheadedconjuror
      @wolfheadedconjuror 8 днів тому

      @@AltSimplified off the top of my head: - rise of crypto, financial revolution or bubble? - Russia, a war economy and impact of sanctions - China's housing and population crisis - Japan's stagflation - Brazil forever next superpower - effect of deglobalization - the effect of colonisation on Africa's development with trust issues and ethnic wars - migration crisis in New-Zealand, young people seeking the australian dream Thanks for asking. Hopefully some ideas are interesting

    • @AltSimplified
      @AltSimplified 6 днів тому

      You've almost hit the nail on the head with one of these topics! Next video out, end of next week.

  • @producedbypodcast
    @producedbypodcast 9 днів тому

    OG here too, glad to see you're back! Excited for more videos. :)

  • @JohanZahri
    @JohanZahri 9 днів тому

    Now I know where the word cheating came from 😀

  • @AltSimplified
    @AltSimplified 9 днів тому

    Have a question? 🤔 Drop a comment and I'll get back to you 👍😎

  • @gregoryturk1275
    @gregoryturk1275 9 днів тому

    Finally after 2 years a video. I have been waiting forever ❤❤❤

    • @AltSimplified
      @AltSimplified 9 днів тому

      Hi greg! Good to see you - hope you like the video and the new graphics. I backed ended a load of charts and maps - enjoy!

    • @gregoryturk1275
      @gregoryturk1275 9 днів тому

      @@AltSimplifiedIt’s been a good video so far. I think your channel will grow fast again. Loved your old videos too by the way. I just started re-watching them a few months ago.

    • @AltSimplified
      @AltSimplified 9 днів тому

      Too kind! Don't forget the easter egg when you get to the end ;)

    • @gregoryturk1275
      @gregoryturk1275 9 днів тому

      @@AltSimplifiedIs the Easter egg about the Manila being super crowded? I think I definitely missed it though😢

    • @AltSimplified
      @AltSimplified 9 днів тому

      That's a fair guess 🙃

  • @patawoonie
    @patawoonie 10 днів тому

    We Malaysians dying for free visa so that we could bring our family travel the entire China our life time, forget about western traveling

  • @bulatog380
    @bulatog380 11 днів тому

    What's the update now? 😂

    • @AltSimplified
      @AltSimplified 11 днів тому

      Find out in the next video, being released Friday 🎉

  • @MarjorieStoker-oj8fh
    @MarjorieStoker-oj8fh 12 днів тому

    Easy corup

  • @user-tu5lp4ct5t
    @user-tu5lp4ct5t 13 днів тому

    All those idiots making comments criticizing Spain, especially Spanish, what makes even less sense, i would recommend you to travel more and see all the shit around in neighbour countries. Spanish economy the biggest bubble? The biggest bubble is in your brains, a bubble of air and stupidity.

  • @thitivatkosiyakul1009
    @thitivatkosiyakul1009 14 днів тому

    Brilliant Video

  • @invinciblemode
    @invinciblemode 19 днів тому

    The answer is simple. Usury.

  • @andrewereynolds5840
    @andrewereynolds5840 21 день тому

    💎 Ares Capital Corporation (ARCC) 💎

  • @vinhquangnguyen8462
    @vinhquangnguyen8462 22 дні тому

    Baby new born 1 day year throwing in garbage trash bag

  • @vinhquangnguyen8462
    @vinhquangnguyen8462 22 дні тому

    70 million people no job no food no housing living

  • @makoriasati4980
    @makoriasati4980 23 дні тому

    Tanzania is developing very first because of the powerful control Chama Cha Mapenduzi CCM holds over Tanzania. The US has been controlled by just one party sometimes called Democratic party or Republican party, So is Britain with the Monarch and the house of the Lords. What we call Democracy being imposed in Africa is a tool of division, sabotage and foreign control it's in fact Demoncracy, Moneydocracy or Fake Democracy. No country will ever develop with this kind of leadership "One idiot One Vote!" This is an Imprisoned, corrupt kind of Leadership. No country has ever developed with this kind of Leaderships,, talks, lies, corruption, little action just a survival mode full of SABOTAGE!

  • @emotube14
    @emotube14 24 дні тому

    Planning Works

  • @NX_RYZEN
    @NX_RYZEN 25 днів тому

    Al saud family net worth is more than a trillion

  • @sttan2631
    @sttan2631 Місяць тому

    Good honest govt who cares... Of course the good locations helps

  • @jpsion
    @jpsion Місяць тому

    can they do it without coal?

    • @AltSimplified
      @AltSimplified 12 днів тому

      unlikely... but find out whose doing just fine without coal this saturday. New video ;)

  • @jpsion
    @jpsion Місяць тому

    and then covid…post covid.

  • @colinbodle-mz6jm
    @colinbodle-mz6jm Місяць тому

    Q. Will Labour party proposed sovereign wealth fund be taking from UK private pensions funds?

  • @sonluong4108
    @sonluong4108 Місяць тому

    Bẻoe you write thí artical about Communist VN .Do you know hơ many China businesss man control the economic of VN ? Do you know that Vinfast electronic car control by Red China .I think you rêcived money from VN communist just likes Joe Bidden bribery rêcived money from Red China .It í s ashamed

  • @Slim333yBoi
    @Slim333yBoi Місяць тому

    Bitcoin is not that volatile and it can be cold traded. It also increases in value so it is biased to foccus on losing a percentage. Markets are volatile no matter what.

  • @shahidann9200
    @shahidann9200 Місяць тому

    老實說 自古以來 新加坡的人才不多 新加坡是小國 今日的繁榮 能撐多久 去看泉州府港 曾是世界第一大商港 是色目人建立和經營的大港 今天呢 它在哪了 今日的新加坡 明日變泉州港 新加坡人才懂多少呢 看懂英文 讀了英文書 就能救新加坡嗎? 新加坡 會有一天 敗落下來 新加坡人能救嗎? 論危機意識 能防禦明日的厄運嗎? 新加坡人的眼睛 昏花了嗎? 老是批判台灣 論述局勢 能躲避明日的危機嗎? 我看 新加坡人才少 台灣的蠢才 都比新加坡人強

  • @hasn51
    @hasn51 Місяць тому

    Egypt 3 years later💀

  • @mohdazizimohdazizimohdaziz9705
    @mohdazizimohdazizimohdaziz9705 Місяць тому

    ALL COMING FROM MALAYSIAN THE SINGAPORE BECOME RICH FOR STARTED