Casinos To Take Advantage Of Changing Chinese Landscape
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Jan. 3, 2012, 7:10 AMMacau caps off a boom year in 2011, with December gambling revenue rising 25% from a year earlier, bringing the annual total 42% higher than 2010. At $33.5B, the figure is more than 5X the haul brought in by Las Vegas. Questions for 2012 center around VIP gambling in which operators issue gamblers credit - such debt isn't recognized in China, meaning there are no legal means to collect. | Comment!
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