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Harrah's Considering Macau

21 Jun 2005

MACAU – As reported by Bloomberg News: "Harrah's Entertainment Inc., the biggest U.S. casino company, considers Asia an 'untapped market' in the global gaming industry and may enter Macau and other regional cities, said Senior Vice President Richard Mirman.

"The Las Vegas-based company is among 14 groups bidding for a license to develop and run one of Singapore's two proposed casino resorts and may expand as countries from Japan to Thailand consider lifting their bans on casinos.

"Asia's prominence as a gaming market rose after Macau forecast in April that gambling will contribute a bigger share of the economy in two years as casino operators such as Las Vegas Sands Corp. expand their operations.

"…'It's hard not to consider Macau. It's come a long way and we are considering Macau just like we're considering other countries in the region,' Mirman, 39, said in an interview…"

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