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Chinese influx and gambling profits

By Daniel Michaels, Feb 16th 2007
Standard & Poor's, the international credit rating group, stated that in the first 11 months of 2006, the gambling income in Macau raised up to $US6.4 billion ($8.2 billion). The reason of that growth is the surprisingly flood of tourists from China.

S&P sustained that the growing gaming profits in 2006 fiscal year, surpassed the Las Vegas Strip. Also, the international credit rating agency expects that the cumulative gambling income will reach $US10 billion by 2010.

For James Packer's business Melco PBL Entertainment (Macau) the event indicated a prosper future. He wants to open his first casino, the Crown Macau, around April this year.

Standard & Poor's demonstrated in its research paper, "A High-Stakes Gamble for Macau's Red-Hot Casino Operators", that the tourist influx in Macau grew 16 % to approximately 19.8 million from January to November last year.

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