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The Las Vegas of the East
Macau, is being more prosperous after the regress from the
colonization by the Portugal in 1999. To rejuvenate Macau’s society
after being a part of China, an organized political, economic and social
reforms are required. Moreover, Macau became started to be the
Special Administrative Region and adopt “One country, two systems”
which is taking the similar political measure with Hong Kong (Wang,
2011). The most beneficial impact on developing Macau is the
establishment of “Reform and Opening Up” (Wang, 2011). It provoked
foreign economic development by having free port with interest to the
foreign investors (Feng, 1999). Economically, Macau chose to take
advantages in gambling industry as it was steadily increased from
1930s and being the main way to earn interest (Wang, 2011). In 1961,
separation of gambling management right was decided to the most
three gambling companies so as to ended up the solely gambling
management right for 40 years (Wang, 2011). Although these policies
turned Macau’s economic development into an open and diversify
economy by creating various characteristics business in gambling, it
was still constructed a single economic structure and way to gain
income which might not carry a sustainable development in long-term
period (Liu & Yang, 1999).