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600 Billion Yuan "Gambling" Outflow26 January 2005BEIJING, China -- As reported by Xinhua: "Statistics from Beijing University's China Center for Lottery Studies (CCLS) shows that 600 billion yuan flow out of the country in gambling stakes every year. To ride along its new found prosperity, neighboring countries have surrounded China in a gambling tide. "Since its return to China, Macau has firmly established 'one-country, two-system' along with economic prosperity and social stability, to which the gambling industry made significant contributions. "Casinos and related income account for more than two-thirds of the entire Macau economy. Millions of mainlanders swarm to Macau every year, ready for the challenge of the casinos. "…The gambling industry's advantages of low cost, low risk and high profit have prompted more and more investors to vie for China's 600 billion yuan gambling pie. Therefore, an immense gambling network has been forming around China…" |