Macau casino profits set for surge toward pre-crackdown high
VIP gamers expected to be the biggest driver, but a flood of leisure tourists also likely to pour in
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Macau
MACAU, the world's largest gambling hub, is on its way to seeing casino profits surge toward highs set before a Chinese government corruption crackdown drove wealthy high-rollers away.
More than two years after the Chinese restrictions sent profits tumbling, some analysts estimate that the Macau industry's earnings could again start approaching records next year before hitting a new peak in 2019. Of course, any unexpected policy changes out of Beijing could crimp growth. But for now, the average forecast is for gaming revenue to rise 14 per cent next year, a Bloomberg survey of 10 analysts shows.
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