Macao casino plans $500 million debt sale

Galaxy Casino, which has one of three casino licenses in Macao, is planning a $500 million bond and note offering, its first debt sale, to fund the construction of hotel casinos in the former Portuguese colony, a bank involved in the sale said.

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• In 1980, the American Psychological Association included pathological gambling in their Diagnostic and Statistical Manual of Mental Disorders, Third Edition (DSM-III).
• Pathological gambling is recognized as a medical disorder by the American Psychiatric Association and has elements of addiction similar to alcohol and drug addiction.
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