How the Rich Ate Macau

"they cut off his head, he did not survive that" so true king

5:05 The monotone "bro had 10 wives and 27 children" caught me off guard. 💀

"...cutting off his head. He did not survive that" XD

I lived in Macau with my parents. Back then, we didn't pay taxes because of the casino's profits. Since my father worked at the Macau electric company, we also didn't pay electricity. Good times.

Speaking as a former resident and student there: Their CE, Mr. Ho constantly iterates that diversification is important but there's barely anything done. They're still as a rock. It was especially evident when covid was over nothing changed. The money is flowing back in to casinos. Even with the thriving casinos, the local residents aren't benefiting. Theres many people who study to leave the city, so brain drain is a significant problem. Their infrastructure is focused on the casinos, where there's barely any investment for the Macanese people themselves. Since money laundering is such a problem and regulations are so tight there, E-commerce is nearly impossible. Many shops are still closing and reopening there. The job figures is misleading too, as a lot of jobs posted are potentially scams. A lot only want your personal data and/or money.

Remembers years ago reading a statistic that gambling in Macau is five times more important to their economy than that of Las Vegas and thinks: “Alright, I’ll give it a shot.”

The dry 'he dud not survive that' had me in a chuckle

2:00 And then a Polish traveler came and they tried to get him drunk but they run out of alcohol so the traveler left.

Hum. There's a James Clavell novel The Noble House detailing one eventful week in Hong Kong in 1963. One of the character is Lando Mata, the Portugese-Chinese owner of the gambling monopoly which is partially based on Stanley Ho.

A guy with the last name Fok was the major investor in a company named STD-M? You can't make this up.

I have been working my way very slowly through your very first videos over the last few months, and just made it up to the Macau history ones when this popped up. Coincidence or what? You have an excellent body of work here. It's great to see how your presentation has improved over time, the older stuff was patchy but the content is still 100% worthwhile. Thanks for doing you.

Macau is of course also central in North Korea's efforts to get (foreign) money into the hands of the regime, evading sanctions

I subscribed for the history of SQL and now I'm getting the history of gambling in Macau, nice

I visited Macau during the last week of Portuguese rule. One thing that struck me about the city was how few people knew any Portuguese, despite the fact that all the signs were in Portuguese and the old city was a textbook example of Portuguese architecture. I understand that this was largely because most of the city's residents arrived from China in the 20th century, but it did confirm my suspicion that the Portuguese, for better or for worse, made very little effort to assimilate the people they ruled over. This video sheds a new light on that - they were not really in charge at all, they just did whatever the gangs told them to do.

i was assuming this was about casino buffets…

Yup, I remember the "good ole' days" of VIP rooms. Some suites were quite luxurious. Even had separate food and booze (and concierges that would get you anything else you wanted, and I mean anything) menus. Quiet, clean didn't smell like, old beer, booze, angst and cigarette smoke like the regular Casinos.

it's interesting how a gambling industry seems to almost guarantee the ensconcement of an oligarchy whose primary interest consists only of making things easier for their casinos. perhaps monaco is an exception. by virtue of being too small to house the poor.

I like how everyone is getting eaten over time. Like the amount of video titles asianometry has stating whomever was ate you would think by just titles that they were dabbling in true crime.

I'm very happy with your content, one of the only few YouTubers who I've supported monetarily.

We need Fallout: Macau as a spiritual successor to nvg