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Casino hub Macau braces for impact of slowing Chinese economy

Reuters  |  HONG KONG 

By Farah MasterHONG KONG (Reuters) - As the Chinese territory of Macau marks 20 years since its handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering trade war threaten to derail growth in the world's biggest casino hub.Macau, on China's southern coast, is the only place in the country where casino gambling is legal. But casino revenue shrunk in January for the first time in more than two years, the government said, hampered by a lack of big-spending VIP players and a smoking ban imposed at the start of the year.To compound matters, China this week ...

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First Published: Tue, February 12 2019. 12:40 IST