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Macau, a special administrative region of China, is the only place in China where casinos are legal. Gambling has been legal since the 1850s when the Portuguese government legalised the activity in the autonomous colony. After the handover of Macau from Portugal to China, Macau and the business has grown at a high pace since 2001, when the government ended the four-decade gambling monopoly of the Hong Kong billionaire Stanley Ho. With the entry of large foreign casinos from Las Vegas and Australia, Macau overtook the Las Vegas Strip in gambling revenues in 2007. Since then, Macau has become known worldwide as the "gambling capital of the world", grossing the highest amount of gambling/gaming revenue and greatly dwarfing all the other gambling centers/cities.
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