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Macau gambling revenue rises 18.6 percent to $45 billion in 20132 January 2014Reuters reports today that Macau, the world's biggest casino hub, which draws seven times the gaming revenue of rival casino destination Las Vegas, earned $45 billion in gaming revenue in 2013, 18.6 percent more than in 2012, according to data released by the local government on Thursday. According to the Reuters report, improved access to Macau boosted revenue from China's growing middle class last year, offsetting slowdown in the growth of VIP custom following a central government campaign to curb officials' conspicuous spending. In December, revenue grew 18.6 percent from a year earlier to 33.5 billion patacas ($4.19 billion) thanks to a rise in holiday-season visitors. The Reuters report states that growth was slightly higher than the 13 percent to 17 percent estimates of six analysts. |