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Australian Casinos' Profits Increase Five Fold

14 December 2000

AUSTRALIA -- Dec. 14, 2000 --As reported by the Australian Associated Press: "Australian casinos increased their profits five-fold last financial year with an increase in overseas high-rollers and poker machine takings.

"The Australian Bureau of Statistics says the country's 13 casinos had turned in total profits of $452 million in 1999-2000, up from $93 million the previous year.

"Takings from gaming tables and poker machines both increased eight per cent, to $1.438 billion and $938 million respectively.

"Overseas players gambled 47 per cent more and made up 37 per cent of the income from gaming tables, a total of $538 million -- 86 per cent from high-rollers..."

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