Venetian Macao hopes to kick off the boldest phase of development in Chinese casino town


HONG KONG (AP) - The new casinos popping up in Macau in the past three years have helped the Chinese territory surpass the Las Vegas Strip as the world's most lucrative gambling center. 

This week, the city begins its most ambitious _ and perhaps riskiest _ phase of development with Tuesday's opening of the US$2.4 billion (euro1.75 billion) Venetian Macao Resort Hotel. It's the latest mega project from American billionaire Sheldon Adelson, chairman of Las Vegas Sands Corp. 

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