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November 7, 2012

Will China rein in Macau's hot casinos?

  • Macau raked in $33.5 billion last year, more than five times the amount on the Las Vegas Strip.
    AP Business Writer

    MACAU — Hordes of Chinese high rollers flooding into Macau have turned the city into an Asian casino boomtown but they're also posing a challenge for China's next generation of leaders.

    Macau's casino industry has mushroomed over the past decade after its government eased restrictions, drawing a flood of mainland Chinese visitors that have helped supercharge the economy, created tens of thousands of well-paying jobs and made vast fortunes for a few U.S. gambling kingpins. But a looming leadership change in China is making some wonder whether blistering growth in the tiny enclave will remain a sure bet.

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