It has reported that the launching a project of $2.4 billion of casino and hotel in City of Dreams Macau, may be postponed by three months. Due to the downfall in Macau casino market, the launching of this project may be delayed from April 2009 to July 1, 2009.

The Macau Casino share price has gone down by 83% over the last year and it has lost some of its 10% market share. Crown, an Australian gaming company may have to write down the value of its wager in the joint venture.

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