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Gambling Hub Hit by First Major COVID Outbreak

Even the casinos are closed in Macau

(Newser) - The Asian gambling center of Macau will close all its casinos for a week starting Monday and largely restrict people to their homes as it tries to stop a COVID-19 outbreak that has infected more than 1,400 people in the past three weeks. All businesses have been ordered to...

After a Humble Start, He Made a Bigger Vegas
'King of Gambling'
Is Dead at 98

'King of Gambling' Is Dead at 98

Though Macau tycoon Stanley Ho didn't gamble himself

(Newser) - Casino tycoon Stanley Ho, who made the enclave of Macau into a gambling hub even bigger than Las Vegas, has died in Hong Kong at age 98. Considered the father of modern gambling in China, Ho's long and eventful life tracked the ebb and flow of southern China's...

China Has Beef With Versace—Over T-Shirts

Fashion house apologizes after selling T-shirts seen as eroding Beijing's autonomy

(Newser) - Italian fashion house Versace apologized Sunday for selling T-shirts in China that it said attached incorrect country names to cities, after being attacked on social media for challenging China's territorial integrity. Versace did not identify the T-shirt in its own post on Chinese social media site Weibo, but the...

The World's 10 Richest Countries
The World's 10
Richest Countries

The World's 10 Richest Countries

The US just makes the list

(Newser) - While some countries are rich in culture and history, others are actually rich. 24/7 Wall St. has compiled a list of the world's 25 wealthiest countries based on gross national income, which it says is a "more useful measure of national wealth" than gross domestic product. The site...

Macau Casinos Double Vegas' Take

Chinese high rollers power Asia hot spot to record profits

(Newser) - If you thought Las Vegas was gambling’s capital city, think again. Casinos in Macau didn’t just beat Nevada’s finest this quarter, they lapped them. Macau’s gambling revenues jumped 62% from a year ago, doubling Vegas’ take over that stretch—though the casinos, which can't lend money...

New Vegas Takes Root in Macao
New Vegas Takes Root in Macao

New Vegas Takes Root in Macao

But are there enough gamblers to keep it going?

(Newser) - Casino developers are sinking staggering amounts of money into making Macao the new Las Vegas. Economic unrest be damned—the immense $2.4 billion Venetian hotel and casino complex that opened today is only the first of dozens to come. But some worry that there aren't enough Chinese high rollers...

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