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Macau bets future on rush to slot machines

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High rollers, known as 'whales' in the industry, have kept Macau afloat for years, but now investors are placing their bets on a flood of little fish from the mainland.

To widen their appeal to a growing number of middle-class mainland tourists, casinos in the enclave are devoting an increasing number of tables to smaller stakes, cash play.

But perhaps the biggest test of the new mass-market approach will be the widespread introduction of electronic gaming, or slot machines.

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Ubiquitous in casinos worldwide and occasionally scorned as one-armed bandits, low-cost slots were traditionally seen as antithetical to Macau's high-rolling ethos.

'Our older colleagues told us to forget it, that it wasn't going to work, that Macau was a place for hard-core gaming addicts,' Lawrence Ho Yau-lung, the head of Mocha Slot, a joint venture with Australian gaming outfit Publishing & Broadcasting, told a gaming-industry convention held in the territory this week.

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Indeed, Macau casinos have long revolved around VIP gambling rooms, where whales are brought in on package tours and routinely lay down tens of thousands of dollars on a single bet.

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