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Macau's gaming industry's report card for the last quarter of last year was a mixed bag. According to the latest investment memo released by Citibank, although the industry's total revenue is expected to grow nicely, a series of sudden operational expenses have genuinely squeezed profit margins. The

As the 11 satellite casinos in Macau are expected to close completely by the end of this year, the gambling industry is facing a "redistribution of customers." A group of gamblers, especially those from Hong Kong and local regulars who are accustomed to betting discreetly, will be forced to switch t
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