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There is no question that the global sports betting market is massive and growing fast. According to figures from respected statistics company, Statista, the global gross gaming yield now stands at about $400 billion, with the majority of that generated in Asia.
When the 10.5 million-square-foot Venetian Macao opened its doors in 2007, it upped the ante on the scale of casino developments and helped inspire Singapore, Korea and others to undertake major IR projects.
The Philippine Amusement and Gaming Corp said the decision to put a moratorium on issuing further land-based casino licenses in the country was designed to protect investments made by existing operators.
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