Giving millions, getting billions- the reality of the "alternate universe"

Donors Invest Millions in Romney for Billions in Returns - Bloomberg: "More than half of Adelson’s gambling-empire profits come from his four casinos in the Chinese territory of Macau. Adelson’s Sands China Ltd. (1928), which develops, owns and operates the resorts, accounted for $2.95 billion of the company’s total $5.34 billion in revenue in the first half of this year, according to its second-quarter earnings report.

If the value of the Chinese currency were higher against the dollar -- as Romney has demanded -- it would give a boost to Adelson’s bottom line. That’s because gamblers from China, who make up the bulk of visitors to Macau’s casinos, would bring the same amount of yuan for betting no matter the exchange rate, said Grant Govertsen, an analyst with Union Gaming Group. So, in dollar terms, they’d be spending more.

Sands officials were asked in a 2010 earnings call what would happen if China loosened restrictions on its currency, which may prompt it to rise.

“It’ll have a big meaning in Macau, and, of course, we’re all in favor of that,” Adelson said. Neither he nor his company representatives returned calls for comment."

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