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Macau's record casino revenues challenge greater Las Vegas

18 July 2007

HONG KONG -- As reported by Channel News Asia: "Gaming revenues in Macau shot up 50 percent year-on-year in the second quarter of this year, as the southern Chinese gambling haven gets ever closer to overtaking the greater Las Vegas region.

"Casino revenues in the territory reached a record 19.57 billion patacas (US$2.51 billion) in the period, further solidifying the tiny former Portuguese enclave's position as the world's largest gaming centre.

"Revenues from VIP baccarat, a game of choice for high-rollers, continued to pull in most of the money for Macau's 26 casinos - 13.21 billion patacas, up 58 percent from the year before for the three months to June.

"Gaming receipts from the territory with a population of only 510,000 people have already overtaken revenues pulled in by the 40 gaming centres along Las Vegas' famous boulevard..."

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