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Macau Casinos Report Record Revenues

2 June 2004

MACAU – As reported by the Ponto Final: "Macau's casino sector generates record gross revenue of 15.1 billion patacas (US$1.88 billion) in first five months, up 'over 50 per cent' on same period last year

"Macau's 13 casino generated a record 3.4 billion pataca (US $ 425 million) gross revenue last month, when for the first time since 1937 two rival casino companies were vying for gamblers.

"According to an official source, Stanley Ho Hung-sun's 12 casinos raked in 3.31 billion patacas. His new rival from Las Vegas, Sheldon Adelson's Sands Casino that opened on May 18, made a gross revenue of around 90 million patacas, or just 2.6 per cent of the casino sector's total gross revenue last month.

"…According to Macau's new gaming legislation, the government directly collects 35 per cent of the casinos' gross revenue as tax…"

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