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Hong Kong won't compete with Macau

12 October 2007

HONG KONG -- As reported by Reuters: "Hong Kong won't build casinos to compete with neighbouring Macau, despite the challenge posed by the gambling mecca's rapid transformation into a tourism and convention hub, Hong Kong's leader said on Thursday.

"'The answer is no,' said Chief Executive Donald Tsang when asked whether the city might construct its own casinos after a major push by some tourism operators and the pro-business Liberal party to build a casino resort.

"Macau's slew of new casinos, including the world's largest -- 'The Venetian', which opened in August -- have drawn tourists away from Hong Kong.

"...But Tsang said Hong Kong wouldn't follow Macau's lead, partly to avoid cutting off its neighbour's economic lifeblood..."

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