A comprehensive look into how Macau’s recent decades of gambling-related growth produced one of the wealthiest territories on the planet

Betting on Macau delves into the radical transformation of what was formerly the last remaining European territory in Asia, returned to the People’s Republic of China in 1999 after nearly half a millennium of Portuguese rule. Examining the unprecedented scale of its development and its key role in China’s economic revolution, Tim Simpson follows Macau’s emergence from historical obscurity to become the most profitable casino gaming locale in the world.

 

Identified as a UNESCO World Heritage Site and renowned for its unique blend of Chinese and Portuguese colonial-era architecture, contemporary Macau has metamorphosed into a surreal, hypermodern urban landscape augmented by massive casino megaresorts, including two of the world’s largest buildings. Simpson situates Macau’s origins as a strategic trading port and its ensuing history alongside the emergence of the global capitalist system, charting the massive influx of foreign investment, construction, and tourism in the past two decades that helped generate the territory’s enormous wealth.

 

Presented through a cross section of postcolonial studies and social theory with extensive insight into the global gambling industry, Betting on Macau uncovers the various roots of the territory’s lucrative casino capitalism. In turn, its trenchant analysis provides a distinctive view into China’s broader project of urbanization, its post-Mao economic reforms, and the continued rise of its consumer culture.

The story of the British acquisition of Hong Kong is intricately related to that of the Portuguese enclave of Macao. The British acquired Hong Kong in 1841, following 200 years of European endeavours to induce China to engage in foreign trade. As a residential base of European trade, Portuguese Macao enabled the West to maintain continuous relations with China from 1557 onwards. Opening with a vivid description of the first English voyage to China in 1637. Macao and the British traces the ensuing course of Anglo-Chinese relations, during which time Macao skillfully—and without fortifications—escaped domination by the British and Chinese. The account covers the opening of regular trade by the East India Company in 1770, including the ‘country’ trade between India and China and Britain’s first embassies to Peking, and relates the bedeviling effect of the opium trade. The story culminates in the resulting war from which Britain won, as part of its concessions, the obscure island of Hong Kong. Among those who feature in this lucid and lively account are the merchant princes Jardine and Matheson, the missionary Robert Morrison, the artist George Chinnery, and Captain Charles Elliot, Hong Kong’s maligned founder.