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City of Dreams casino boosts Crown investment in Macau

Crown Casino Group, based in Melbourne, have recently reported significant growth in overseas investment from Macau. Crown has a 33 percent stake in Chinese gambling operator Melco Crown Entertainment, which has a 12 percent market share of the lucrative Macau betting market.

Macau is the most lucrative gambling territory outside Las Vegas and in recent years has attracted investment from overseas betting giants such as Harrahs, Wynn, Genting and Crown. Despite the downturn in Las Vegas growth, Macau continues to flourish.

Macau Gaming authorities have reported a 66 percent increase in gambling revenues in December 2010 alone. For the year of 2010 as a whole, gambling revenues grew to a huge $23.3 billion Australian Dollars.

Crown holds a 33.4 percentage stake in Melco Crown Entertainment, who operate the City Of Dreams Casino in Macau. Melco currently hold a 15 percent market share of the Macau gambling market.

Crown Casino is home to the 2011 Aussie Millions Poker Championship, starting on January 13 and running for nearly 4 weeks. The event is sponsored by PokerStars, the world's leading online poker room.

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