Xi's visit to Macau deals cold deck to VIP gamblers

December 17, 2014 9:07 PM

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HONG KONG (Reuters) - As Chinese President Xi Jinping arrives in Macau this weekend for his first official visit in five years, the message from Beijing is clear: the world's biggest gambling center cannot remain a one-industry town.

Xi's pervasive anti-graft campaign contributed to a disastrous year for major casino companies, which have lost a combined $58 billion in market value over the past six months as VIPs stayed away.

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