Cards Under the Table: Macau’s Economy
The island of Macau is about an hour boat-ride away from Hong Kong, but it feels like an entirely different place. As the gambling capital of the world, Macau is dominated by the casino industry. While these casinos do bring in large sums of money, some people argue that these casinos really are not that beneficial for the residents of Macau. However, some casinos are losing money, which is impacting the economy. The revenue decline began in June 2014 and is still continuing. Many people believe this drop is because of the Chinese government's crackdown on corruption and they are hopeful that revenue will begin to climb again soon.
Reporter Marielena Balouris traveled to Macau to find out more about how the casinos impact the island's economy. She spoke with three professors from three different universities -- Penn State University, the University of Macau, and Macau University of Science and Technology -- who are all experts in the gaming industry.
About the Contributors
Senior / Broadcast Journalism and Political Science
Marielena Balouris is a senior and is thrilled to be reporting, anchoring and producing for The Centre County Report for the fall 2014 semester. She is double majoring in broadcast journalism and political science and is passionate about the television news industry. Marielena has interned for ABC7 in Washington, DC, WTOV9 in Steubenville, OH, AccuWeather in State College, PA and NewsTalk1020 KDKA in Pittsburgh. After graduation, she hopes to work as a reporter in local news.
At Penn State, she is currently the production director for State of State 2015 and one of the producers of 46LIVE: The THON webcast. She was actively involved with PSN News, working as executive producer, news producer, sports anchor, and news reporter over the course of three years. Marielena has also been involved in a number of other organizations, including Essence of Joy Choir, the Presidential Leadership Academy and THON. Marielena can also be seen walking around backwards on campus giving tours as a Lion Ambassador.