Word: macau
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...Despite baccarat's dominance, a 2006 ban on Internet gambling in the U.S. is prompting poker promoters to take their card game across the Pacific in hopes of setting down roots in Asia's Las Vegas. Since the Macau government approved Texas Hold'em cash games and tournaments in January 2008, three casinos have opened designated poker rooms. In its first year in Macau, Texas Hold'em brought in less than $7 million, but that number is set to rise: in the first quarter of 2009 alone, the game took in more than $4 million. "Poker has exploded in Macau...
From the towering, pineapple-shaped Grand Lisboa to the vast campus of the Venetian, there's no shortage of casinos to choose from in Macau. The only place in China where casinos are legal, Macau opened up its gambling industry in 2004, spurring the number of casinos to jump from 11 to 32. While there may be a question of where this city's gamblers like to play, there's no debating which game is king. Baccarat, a 15th century Italian table game, contributed 86% of Macau's $14.1 billion in gambling revenue last year...
...From July 9 through July 12, the Macau Poker Cup, a bimonthly tournament sponsored by PokerStars Macau, will see more than 100 players competing for a minimum of $129,000 in the main event. The event pales in comparison with the annual World Series of Poker (WSOP) in Las Vegas, which draws in 7,000 players for a grand prize of $8.5 million at its main event, but the Macau tournament's organizers have high hopes for the game's potential in Asia. "The gold standard is the World Series of Poker," says Fred Leung, marketing manager for poker company...
...sports following enabled by ESPN and Bravo coverage, poker is frowned upon - along with other forms of gambling - in some parts of Asia, and many markets ban televised tournaments and any mention of gambling in traditional advertising. In 2007, mainland Chinese censors banned a television commercial for the Altira Macau hotel and casino (formerly known as the Crown Macau) that featured Hong Kong actor Chow Yun-Fat flipping hotel key cards and ice cubes in an allusion to gambling...
...goal, there are other ways for Washington and Beijing to work together. In fact, it's happened before. The most effective sanctions ever levied against the North were those designed and imposed by the U.S. Treasury Department during the Bush years. Not only did Treasury manage to freeze a Macau bank account through which the North Korean regime allegedly laundered millions of dollars, but it also persuaded several large banks in China to stop doing business with North Korea. In 2006, Kim Jong Il made removal of those sanctions a precondition of returning to the so-called six-party talks...