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Macau's casinos bring in a record $38 billion

Casino revenue in Macau climbed 13.5 percent last year to a record $38 billion, as the Asian gambling hub reinforced its position as the world’s biggest gambling market.

Published: Jan. 3, 2013 at 12:05 a.m. PST
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Casino revenue in Macau climbed 13.5 percent last year to a record $38 billion, as the Asian gambling hub reinforced its position as the world’s biggest gambling market.

Gross revenue from Macau’s 35 casinos also hit a monthly record in December, rising 20 percent to 28.2 billion Macau patacas or $3.5 billion, according to data posted Wednesday by the Gaming Inspection and Coordination Bureau.

But gambling revenue growth eased off in 2012 from the year before, when it rocketed 42 percent to $33.5 billion, as China’s economy slowed and wealthy mainland Chinese gamblers held back amid fears about a crackdown on corruption.

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