Baccarat Proceeds Leading Macau to Top Gambling LocaleMacau China rang in for more than 10 billion dollars in worldwide gambling industry revenue for 2007 inching their way up to industry standards set by the United States Sin City (Las Vegas Nevada), that's nearly 46% more than Macau reported during the same time frame in 2006. The numbers, reaching 83.3bn Macanese Patacas, as reported by the Gaming Inspection and Coordination Bureau (GICB) were released Monday in Macau China. 1% of the gross revenue was non casino gambling related generated primarily by Pari-mutuel (animal races, horses and dogs) activities, the Chinese Lotto, and sportsbetting.
Of the casino style gambling, Baccarat stole the show, generating 86% of the total gambling related revenue along with VIP Baccarat games. Macau consists of 28 casinos primarily owned by Sociedad de Jogos de Macau, a publicly traded company headed by Stanley Ho. Ho is currently entangled in a juicy legal battle against his sister, Winnie Ho Yuen-ki. Yeun-Ki, represented by Martin Lee wants her share of the Macau casino empire, claiming she has rights to a little more than 7% Sociedad de Jogos de Macau and it's Baccarat proceeds. The only place in China where casino gambling is legal according to the World Casino Directory, has blown up over recent years, largely if not entirely due to the countries slaughtering of a monopoly in the casino sector held by the SJM group (Sociedad de Jogos de Macau).
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