James Packer’s $4 billion gamble on growth returning to Macau’s embattled casino sector has been rewarded with Studio City helping to boost its market share. Photo: Bloomberg
James Packer’s $4 billion gamble on growth returning to Macau’s embattled casino sector has paid its first dividends with Melco Crown Entertainment boosting its market share above 16 per cent from about 13 per cent in October following the opening of its Studio City resort.
Macau, the world’s biggest gambling hub, has been hit in the last 18 months by a China government-led crackdown on corruption and the flow of illicit capital whic…
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