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Macau sees casino revenues plunge during holiday

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March 17, 2012 7:07 AM by GT Staff

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They are at it again in Florida where there is a proposal before legislators to allow two destination resort casinos, each with an initial investment of $2 billion.

It will make a big difference, CEO Gary Loveman said this week as he discussed plans to combine the real estate owned by Caesars Entertainment Operating Company into a publicly traded real estate investment trust.

The Macau casino numbers for February were as bad as expected, casino revenue plummeting 49 percent to $2.4 billion. It was the ninth straight month of declines.

Baseball Previews | This is the second of 30 MLB previews to the 2015 baseball season as seen by GamingToday sports editor Mark Mayer. Today, the Chicago Cubs. On deck: Baltimore Orioles.

Baseball Preview | This is the first of 30 MLB previews to the 2015 baseball season as seen by GamingToday sports editor Mark Mayer. Today, the Washington Nationals. On deck: Chicago Cubs.

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