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chumba casino explainedGVC has made it clear that the merger could cause the elimination of up to 1,600 jobs at Ladbrokes, which currently employees 26,800 people. Hung later sold his majority stake ownership in Paul Y Engineering to continue funding The 13. Going South Financially Stephen Hung, a former Merrill Lynch executive whose family made their billions in real estate, attracted a wave of investors in 2013 when he announced plans to build “the world’s most luxurious casino resort” in Macau.China’s special gaming enclave had just posted a record billion in gross gaming revenue, and investors from around the world wanted a hand in the game. dings is the new parent company to Macau’s The 13. But then came People’s Republic President Xi Jinping’s crackdown on VIP junket groups reportedly providing schemes for the country’s wealthy to move money out from the government’s heavily taxed control.Despite widespread concerns across Macau, Hung pressed on with seemingly little trepidation. The company went from more than 100 HKD (.75) in 2014, to as little as 29 cents last month. big fish casino logo

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