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Macau's casinos worryingly reliant on high-rollers
China's millennia-long love of gambling is unlikely to abate in the long term, as Las Vegas Sands boss Sheldon Adelson reminded investors on Oct 16.
PHOTO: REUTERS
Hong Kong
A DROP in the number of Macau's high rollers may push the Chinese territory's gambling revenue to its first annual decline on record. Forecasts for next year seem over-optimistic. For many casinos in the coastal enclave, high-spending VIP gamblers are the biggest vulnerability....
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