Wall Street Journal – The arrival of students on the University of Macau’s new $1.3 billion campus this year will mark the Chinese gambling capital’s first visible success in using casino wealth to benefit the city’s 600,000 people. Since China opened the former Portuguese colony to foreign casino operators in 2002, Macau has been transformed from a charming, somewhat rundown backwater with a smattering of gambling houses into a glittering, player’s Mecca with 35 casinos crammed into 11.5 square miles. As a result, Macau’s economy has grown an average of 14% a year in the past decade, making it the…