Vice Squad
Wednesday, December 01, 2004
Gambling Competition In, and From, Macao

Casino gambling is illegal in China except on the island of Macao, which followed Hong Kong into the mainland fold in 1999. For 40 years, one man held the gambling monopoly in Macao, but the Chinese ended that exclusivity last year. As a result, the casino industry on Macao has been growing at an impressive clip, and threatens next year to bring in more gambling revenue than the Las Vegas strip. This article in the Financial Times provides the details.

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