Official: Hong Kong won't build casinos to compete with Macau
Submitted by admin on Mon, 09/17/2007 - 05:37.
HONG KONG: Hong Kong will not build casinos to compete with its booming neighbor Macau, which recently surpassed the Las Vegas Strip in gaming revenue, an official said.
The remarks came as Singapore is also opening up to casinos. The city-state dropped a ban on casino gambling in 2005.
Speaking to reporters after a banquet held by the hotel industry late Friday, Hong Kong Secretary for Commerce and Economic Development Frederick Ma acknowledged the fast casino growth in Macau posed a challenge to Hong Kong.
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