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Investors react to Macao government position on gaming control

19 November 2010

MACAO AND HONG KONG -- Casino stocks fell yesterday in Hong Kong as analysts speculated that investors had misunderstood the Macau government's earlier words on gambling control, according to Macau Business.

JP Morgan analysts commented that the Macau government's position has not tightened and is consistent with its current practice, the report said.

Earlier this week the Macau government commented it would increase both control over the number of new casinos and supervision of the auditing of casino financial records.

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