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Asian casinos woo Chinese as corruption drive hits Macau

March 22, 2015 12:00 am • Last Updated: March 23, 2015 12:21 pm

Asian casino operators from South Korea to Australia are pulling in China's gamblers as the country's corruption crackdown scares many away from Macau, the world's biggest gambling hub. They are capitalizing on a downturn in the city's gaming industry, which last month suffered its worst drop ever.

Operators such as Paradise Co. in South Korea are hiring Mandarin-speaking staff and offering VIP treatment to big spenders. Echo Entertainment Group Ltd. of Sydney and NagaCorp Ltd. in Cambodia cater to the junket operators who organize trips for Chinese gamblers with perks such as higher commissions and private jets.

Gambling in Macau, the only place in China where casinos are legal, had declined as the anti-graft crackdown meant officials didn't dare to visit.

- Bloomberg

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