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Macao gambling revenue falls 2.6 percent

2015-01-05 13:45 Global Times/Agencies Web Editor: Qin Dexing
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Gambling revenue in Macao, the world's biggest gaming hub, fell last year for the first time since 2001, Friday data showed.

Revenue fell 2.6 percent in 2014 to $44.1 billion - almost seven times that of Las Vegas - according to data released by Macao's Gaming Inspection and Coordination Bureau.

In December, growth dropped a record 30.4 percent year-on-year compared with analyst forecasts ranging from 29 percent to 33 percent, and constituted the seventh straight monthly decline.

Casino operator Melco Crown Entertainment, a joint venture involving Australian billionaire James Packer, plans to delist its shares in Hong Kong, the company said Friday.

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