A Chinese man wearing a crumpled suit is playing baccarat at one of Macau’s oldest casinos. Crowds gather around and other players shriek “hao” – Chinese for “good” – as his pile of pink chips, each worth HK$10,000 ($1,300), approaches 100.
After a few more hands, including one where he casually loses $26,000, he slides his chips into a Valentino leather satchel, and walks away with about $250,000.
In spite of the lofty stakes, the man was playing in an area for regular punters, not the VIP rooms for highrollers, and the HK$1,000 minimum bet at his table has helped fuel the recent dramatic growth experienced by Macau’s casinos.
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