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The South Korean casino could breathe new life into the struggling firm. Last year, Macau’s casino revenue was around $45 billion. That figure, although a fraction of Macau’s, represents a marked enhance from the $650 million South Korea produced from gambling in 2007 and points to the industry’s possible for development. According to Reuters, it is the first time that a foreign venture has been granted a preliminary casino license. Caesars and Lippo will spend a total of $two.1 billion over nine years to develop the home.

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