Wall Street Journal Cheng, Jonathan. Term Paper

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Also, the slower GDP growth in the Chinese mainland may mean fewer visitors willing to gamble.

But although the housing demand may cool, the expansion of the Macau economy does not seem like a parallel to the U.S. housing bubble. First of all, the presence of gambling means that housing will likely always be at a premium in the region, as it is the only place where the Chinese government allows gambling. There will always be a demand for workers to staff the venues that allow people to gamble, eat, sleep, and be entertained.

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Although an international recession will have an impact upon the Macau economy, certain economic sectors seem better equipped to weather an economic downturn -- and sadly, a poorer economy could even mean a rise in gambling, and draw even individuals to the area looking for work (or a quick profit) at the gaming houses. Additionally, the population growth overall in the region is continuing to rise, and unless interest rates become prohibitively high, and cause a spike in mortgage prices this region could provide potential windfalls to international….....

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"Wall Street Journal Cheng Jonathan " (2008, April 11) Retrieved June 18, 2025, from
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