Taiwan votes to allow gambling

The residents of Matsu, a Taiwanese archipelago of 19 islands in the Taiwan Strait, voted yesterday in a referendum to allow gambling and approved the construction of a casino resort. The approval for the casino resort is just the first step in the process - the government first needs to draft and enact gambling legislation. Matsu was selected because of its proximity to the bustling cities of Xiamen,Fuzhou and QuanZhou in Fujian Province, China, where significant numbers of wealthy Chinese residents live. The Matsu casino resort is expected to compete with customers from China who frequent the casinos in Macau.

Comments

[Shahin]

Cuba already is a rsreot . for every country in the world except the one that has the trade embargo Your Government does not want you to know that .There are 5 star hotels linining the beach at Veradero World Class Marinas and Condos the people are friendly and love Americans .

[Adrianus]

With a small budget: play it save and go to a bank with a good insetert rate. If you have the opportunity to buy a house, do that. As for the casino's/stock market: both are equally bad for your pocket (see (semi-) efficient market theories, read the literature, and you'll see why)

[Erydrateexy]

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[Franco@DoubleDownCasino]

There are advantages and disadvantages to allowing gambling in a country. One key advantage is the amount of money and value-adding work that gambling companies and casinos create for the local population. The disadvantage which many times is overlooked is the habitual nature of gambling which may, but not necessarily, lead to more gambling problems in the nation. With education, this latter disadvantage can be surpassed and the country can benefit from a new industry with big money.