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Business trends

Asia's casinos bet $65bn on expansion despite China slowdown

Dependence on Chinese players raises doubts about payback

Casino operators are spending billions to expand and diversify their attractions. (Photo by Manda Yeung)

SINGAPORE/TOKYO/PHNOM PENH -- The race to woo China's gamblers is fueling an investment arms race in Asia's casino industry, with planned spending on new and expansion projects projected to top $65 billion over the coming years.

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