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Top Stocks for Aggressive Investors Growth Stock Watchlist ✌️【Stock Market Analyst】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. As the only place in greater China wheregambling is legal,the city’s skyline is a who’s-who of the biggest names in the gaming industry.

Home to just 600,000 residents – compared to seven million in Hong Kong – visitors to Macao might feel like the rest of the city lost in the shadow of the towering hotels and casinos. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages.

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“In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. “When I go to Europe, when I say I come from Macao, actually they don’t know where it is, so I have to say it’s a small city next to Hong Kong.”

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Like a shrinking number of people in her community, she speaks thepatuadialect, which mixes Portuguese and Chinese.

“The locals seldom go to the casinos,” she says. “It’s a very small number of people who really go to the casino to gamble. We don’t gamble. We do other things. And actually the civil servants, they are forbidden to enter [casinos]. The gambling is more for the tourists, it’s not for the locals.”

Due to rising costs of living in Macao, many employees of the casinos and luxury shops are increasingly likely to commute to work from Zhuhai, the less expensive mainland Chinese city just across the water from Macao, and to speak Mandarin Chinese instead of Cantonese.

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Top Stocks for Aggressive Investors Growth Stock Watchlist ✌️【Stock Market Analyst】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations. According to Macao’s 2021 census, about five-sixths of Macao’s population is ethnically Chinese. Only a few thousand are Portuguese. While Portuguese is still an official language of the city and must be used on signage and in government literature, many locals opted to learn English or Mandarin Chinese instead, especially ahead of the handover – when Macao was returned to Chinese rule – in 1999.

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Despite the $20 billion bridge, infrastructure within Macao is a different story. Locals who don’t have cars rely mostly on public buses. While Hong Kong has an efficient, well-organized metro system, Macao’s LRT (light rapid transit) system started in 2019 and only has one line so far. Uber suspended its services in Macao in 2017, and taxis only accept cash.

Fernandes spent several years living in Portugal, but says she felt alienated there and decided to return to Macao.

“We learned the Portuguese history. We know every city of Portugal. We sang proudly the Portuguese anthem,” says Fernandes. “Especially after the handover, they do not know us. They do not understand us, that we feel Portuguese.”

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Top Stocks for Aggressive Investors Growth Stock Watchlist ✌️【Stock Market Analyst】✌️ Stay informed with expert predictions of stock trends and real-time market data, covering global indices, futures, metals, and agricultural products. Make better decisions and achieve consistent growth in your investments. Now retired and her children grown, Fernandes has devoted her life to preserving and highlighting native Macanese culture. She works at the Associação dos Macaense (Macanese Association) and has opened the canteen there to the public so that more people can try traditional Macanese dishes likeminchi(ground meat, usually pork, stir-fried with potatoes and soy sauce). Her next goal is to open a commercial restaurant catering to tourists.

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Top Stocks for Aggressive Investors Growth Stock Watchlist ✌️【Stock Market Analyst】✌️ Free break-even services with personalized investment plans. Quickly recover from losses, avoid risks, and achieve steady growth with expert stock predictions and real-time market updates. Most foreigners – like Balocas – who move to Macao are eligible for permanent residency after seven years of living, working and paying taxes. That means that they can live in Macao without a work visa and do not need a company sponsoring them.

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However, the rules are different for many of the workers who come from poorer parts of the world, namely the Philippines. Many Filipinos come to Macao to work as domestic helpers or as security guards in casinos and luxury shops, but they cannot qualify for permanent residency or citizenship – unless they get married to a local.

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Balocas estimates that about half of Macao’s expat Portuguese population left during the pandemic, as Macao had some of the strictest requirements in the world, including a 21-day quarantine.

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“This neighborhood has the lamps in the street exactly the same as in Lisbon,” he says. “So if you walk around, you almost feel that you are in Lisbon. Sometimes I even joke that you can come here and take some pictures and say that you are in Lisbon without being in Lisbon.”

However, Balocas says that whether you love or hate casinos, it is impossible to ignore them. He sometimes joins a poker game on his day off: “I like to play against people, not machines.”

He cites a recent government program that “pairs” casinos with specific local streets and shops and encourages their guests to go there and spend money, as a positive move forward. In his opinion, getting hotel guests to venture outside into Macao – which is densely packed and easy to navigate on foot – helps the whole community.

“What I want people to explore when they come to Macao, it’s to get out from the casinos, honestly,” says Balocas. “There is a lot to explore. We have beautiful museums, beautiful neighborhoods.”

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“Even nowadays that I’m 11 years here, sometimes I like to get lost. Don’t just explore the center, explore the alleys.”

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