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Happy Chinese New Year 2024 Launch Ceremony Held in Macao SAR
The 2024 Happy Chinese New Year launch ceremony and a concert were held on Saturday at the square in front of the Ruins of St. Paul's, a world heritage in the Macao Special Administrative Region (SAR).
https://www.cctvplus.com/news/20240204/8362375.shtml#!language=1
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published: 04 Feb 2024
-
Macao will forever be the largest gaming market in the world: MGM's Hornbuckle
CNBC's Contessa Brewer reports on news from the world's top gaming CEOs. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News O...
published: 11 Jul 2022
-
The casino business in Macao is not showing meaningful signs of improvement: Jefferies' Katz
David Katz of Jefferies joins 'Fast Money' to discuss casinos in Macao and how the recovery of business is not showing meaningful signs of improvement. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September...
published: 16 Jul 2021
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Macao casinos under pressure as coronavirus disrupts holiday travel
The deadly coronavirus is sending shockwaves through the world's largest gambling hub. Macao is seeing a sharp drop in the number of visitors from mainland China during the start of the Lunar New Year holiday, and that pressured gaming stocks, including Wynn, Las Vegas Sands and Melco. CNBC's Contessa Brewer reports.
The coronavirus that started in Wuhan, China, has hit hard the Macau casino business during the peak holiday season of the Lunar New Year. That has led one gaming industry expert to say the ripple effect of the virus and fears of a pandemic, including quarantines and travel warnings and restrictions, should be a “wake-up call” for the Chinese government and casino interests throughout Asia that it is time to legalize online gambling.
Jason Ader, managing partner at SpringOwl...
published: 28 Jan 2020
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China's travel and tourism fuels Las Vegas Sands cash flow as Macao and Singapore bounce back
CNBC's Contessa Brewer reports on the latest details from Las Vegas Sands' earnings results.
published: 19 Oct 2023
-
Take chips off the table? Macao casino stocks take a hit
CNBC's Contessa Brewer on why Macao casino stocks were hit. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily be...
published: 29 Nov 2021
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Macao's casino operators had to come up with 'visions of non-gaming,' Wynn Macau says
Allan Zeman, non-executive chairman of the board of the hotel and casino resort, who also chairs the Lan Kwai Fong Group, discusses the renewal of its license by Macao's government.
published: 14 Dec 2022
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Macau Casino Stocks Sink After Police Arrest Junket King
Shares of Macau casino operators are tumbling in Hong Kong after the judiciary police arrested the head of the world's biggest junket. Shirley Zhao reports on "Bloomberg Markets: Asia."
published: 29 Nov 2021
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Macao casinos reopen as China keeps Covid prevention measures high
CNBC's Contessa Brewer reports on news from Macao. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest n...
published: 25 Jul 2022
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Macau Places SJM's Grand Lisboa Casino Under Lockdown
Macau placed SJM Holdings Ltd.'s Grand Lisboa under lockdown after finding a Covid-19 cluster on Tuesday. It's the first closure of a gaming venue in the city in more than two years. Shirley Zhao reports on Bloomberg Television.
published: 06 Jul 2022
1:25
Happy Chinese New Year 2024 Launch Ceremony Held in Macao SAR
The 2024 Happy Chinese New Year launch ceremony and a concert were held on Saturday at the square in front of the Ruins of St. Paul's, a world heritage in the M...
The 2024 Happy Chinese New Year launch ceremony and a concert were held on Saturday at the square in front of the Ruins of St. Paul's, a world heritage in the Macao Special Administrative Region (SAR).
https://www.cctvplus.com/news/20240204/8362375.shtml#!language=1
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https://wn.com/Happy_Chinese_New_Year_2024_Launch_Ceremony_Held_In_Macao_Sar
The 2024 Happy Chinese New Year launch ceremony and a concert were held on Saturday at the square in front of the Ruins of St. Paul's, a world heritage in the Macao Special Administrative Region (SAR).
https://www.cctvplus.com/news/20240204/8362375.shtml#!language=1
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- published: 04 Feb 2024
- views: 4450
2:36
Macao will forever be the largest gaming market in the world: MGM's Hornbuckle
CNBC's Contessa Brewer reports on news from the world's top gaming CEOs. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/...
CNBC's Contessa Brewer reports on news from the world's top gaming CEOs. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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https://wn.com/Macao_Will_Forever_Be_The_Largest_Gaming_Market_In_The_World_Mgm's_Hornbuckle
CNBC's Contessa Brewer reports on news from the world's top gaming CEOs. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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- published: 11 Jul 2022
- views: 3068
4:26
The casino business in Macao is not showing meaningful signs of improvement: Jefferies' Katz
David Katz of Jefferies joins 'Fast Money' to discuss casinos in Macao and how the recovery of business is not showing meaningful signs of improvement. For acce...
David Katz of Jefferies joins 'Fast Money' to discuss casinos in Macao and how the recovery of business is not showing meaningful signs of improvement. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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https://wn.com/The_Casino_Business_In_Macao_Is_Not_Showing_Meaningful_Signs_Of_Improvement_Jefferies'_Katz
David Katz of Jefferies joins 'Fast Money' to discuss casinos in Macao and how the recovery of business is not showing meaningful signs of improvement. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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- published: 16 Jul 2021
- views: 6538
3:10
Macao casinos under pressure as coronavirus disrupts holiday travel
The deadly coronavirus is sending shockwaves through the world's largest gambling hub. Macao is seeing a sharp drop in the number of visitors from mainland Chin...
The deadly coronavirus is sending shockwaves through the world's largest gambling hub. Macao is seeing a sharp drop in the number of visitors from mainland China during the start of the Lunar New Year holiday, and that pressured gaming stocks, including Wynn, Las Vegas Sands and Melco. CNBC's Contessa Brewer reports.
The coronavirus that started in Wuhan, China, has hit hard the Macau casino business during the peak holiday season of the Lunar New Year. That has led one gaming industry expert to say the ripple effect of the virus and fears of a pandemic, including quarantines and travel warnings and restrictions, should be a “wake-up call” for the Chinese government and casino interests throughout Asia that it is time to legalize online gambling.
Jason Ader, managing partner at SpringOwl Asset Management and a former board member at Las Vegas Sands, said the most interesting observation he has had as the coronavirus situation evolves is how the virus has pushed gamblers to illegal online gambling and the one market in Asia where online gambling is legal: the Philippines.
“Daily online gambling is up 90% over the Lunar New Year holiday compared to last year,” Ader told CNBC’s “Squawk Box” on Tuesday. “That’s an unbelievable number, and it raises the issue of should land-based operators be converging around the world with online operators. That’s really the growing trend,” he said.
Online gambling is mostly unregulated in Asia and illegal in China.
“Asia is still very much the Wild West, it’s very unregulated, but [the land-based operators] are not getting any business. The online operators and Philippines licensees are picking up most of these players,” said Ader, who was a top-ranked gaming analyst at Bear Stearns for more than a decade. “I think it’s a wake-up call, not just in Asia but in the U.S. ... The European companies are in leading positions.”
Macau casinos are still open, but employees who interact with customers must wear masks, and they have detailed cleaning and hygiene in both front and back of the house. The chief executive of Macau has the option of closing these casinos if the outbreak intensifies.
As of Wednesday morning in Asia, China has mushroomed to more than 6,060 cases, exceeding the total number of SARS cases in that country during the 2002–2003 epidemic. There have been 132 deaths.
Meanwhile, shares of these gaming companies have been punished, with Las Vegas Sands, MGM Resorts and Wynn Resorts all experiencing double-digit percentage declines. Las Vegas Sands and Wynn generate as much as 65%–75% of revenue in Macau; for MGM it is closer to one-quarter of revenue.
Threats remain for casinos in other parts of Asia, including Singapore, where Las Vegas Sands has its biggest casino. Singapore had reported four infections of the coronavirus as of early Wednesday morning in Asia.
“Once it starts spreading ... other casinos can get hit,” Ader said.
For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=youtube
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https://wn.com/Macao_Casinos_Under_Pressure_As_Coronavirus_Disrupts_Holiday_Travel
The deadly coronavirus is sending shockwaves through the world's largest gambling hub. Macao is seeing a sharp drop in the number of visitors from mainland China during the start of the Lunar New Year holiday, and that pressured gaming stocks, including Wynn, Las Vegas Sands and Melco. CNBC's Contessa Brewer reports.
The coronavirus that started in Wuhan, China, has hit hard the Macau casino business during the peak holiday season of the Lunar New Year. That has led one gaming industry expert to say the ripple effect of the virus and fears of a pandemic, including quarantines and travel warnings and restrictions, should be a “wake-up call” for the Chinese government and casino interests throughout Asia that it is time to legalize online gambling.
Jason Ader, managing partner at SpringOwl Asset Management and a former board member at Las Vegas Sands, said the most interesting observation he has had as the coronavirus situation evolves is how the virus has pushed gamblers to illegal online gambling and the one market in Asia where online gambling is legal: the Philippines.
“Daily online gambling is up 90% over the Lunar New Year holiday compared to last year,” Ader told CNBC’s “Squawk Box” on Tuesday. “That’s an unbelievable number, and it raises the issue of should land-based operators be converging around the world with online operators. That’s really the growing trend,” he said.
Online gambling is mostly unregulated in Asia and illegal in China.
“Asia is still very much the Wild West, it’s very unregulated, but [the land-based operators] are not getting any business. The online operators and Philippines licensees are picking up most of these players,” said Ader, who was a top-ranked gaming analyst at Bear Stearns for more than a decade. “I think it’s a wake-up call, not just in Asia but in the U.S. ... The European companies are in leading positions.”
Macau casinos are still open, but employees who interact with customers must wear masks, and they have detailed cleaning and hygiene in both front and back of the house. The chief executive of Macau has the option of closing these casinos if the outbreak intensifies.
As of Wednesday morning in Asia, China has mushroomed to more than 6,060 cases, exceeding the total number of SARS cases in that country during the 2002–2003 epidemic. There have been 132 deaths.
Meanwhile, shares of these gaming companies have been punished, with Las Vegas Sands, MGM Resorts and Wynn Resorts all experiencing double-digit percentage declines. Las Vegas Sands and Wynn generate as much as 65%–75% of revenue in Macau; for MGM it is closer to one-quarter of revenue.
Threats remain for casinos in other parts of Asia, including Singapore, where Las Vegas Sands has its biggest casino. Singapore had reported four infections of the coronavirus as of early Wednesday morning in Asia.
“Once it starts spreading ... other casinos can get hit,” Ader said.
For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=youtube
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- published: 28 Jan 2020
- views: 5096
4:27
Take chips off the table? Macao casino stocks take a hit
CNBC's Contessa Brewer on why Macao casino stocks were hit. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve...
CNBC's Contessa Brewer on why Macao casino stocks were hit. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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https://wn.com/Take_Chips_Off_The_Table_Macao_Casino_Stocks_Take_A_Hit
CNBC's Contessa Brewer on why Macao casino stocks were hit. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
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» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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- published: 29 Nov 2021
- views: 4090
2:51
Macao's casino operators had to come up with 'visions of non-gaming,' Wynn Macau says
Allan Zeman, non-executive chairman of the board of the hotel and casino resort, who also chairs the Lan Kwai Fong Group, discusses the renewal of its license b...
Allan Zeman, non-executive chairman of the board of the hotel and casino resort, who also chairs the Lan Kwai Fong Group, discusses the renewal of its license by Macao's government.
https://wn.com/Macao's_Casino_Operators_Had_To_Come_Up_With_'Visions_Of_Non_Gaming,'_Wynn_Macau_Says
Allan Zeman, non-executive chairman of the board of the hotel and casino resort, who also chairs the Lan Kwai Fong Group, discusses the renewal of its license by Macao's government.
- published: 14 Dec 2022
- views: 568
2:21
Macau Casino Stocks Sink After Police Arrest Junket King
Shares of Macau casino operators are tumbling in Hong Kong after the judiciary police arrested the head of the world's biggest junket. Shirley Zhao reports on "...
Shares of Macau casino operators are tumbling in Hong Kong after the judiciary police arrested the head of the world's biggest junket. Shirley Zhao reports on "Bloomberg Markets: Asia."
https://wn.com/Macau_Casino_Stocks_Sink_After_Police_Arrest_Junket_King
Shares of Macau casino operators are tumbling in Hong Kong after the judiciary police arrested the head of the world's biggest junket. Shirley Zhao reports on "Bloomberg Markets: Asia."
- published: 29 Nov 2021
- views: 21392
1:52
Macao casinos reopen as China keeps Covid prevention measures high
CNBC's Contessa Brewer reports on news from Macao. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
» Subscribe ...
CNBC's Contessa Brewer reports on news from Macao. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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https://wn.com/Macao_Casinos_Reopen_As_China_Keeps_Covid_Prevention_Measures_High
CNBC's Contessa Brewer reports on news from Macao. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
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- published: 25 Jul 2022
- views: 1863
2:39
Macau Places SJM's Grand Lisboa Casino Under Lockdown
Macau placed SJM Holdings Ltd.'s Grand Lisboa under lockdown after finding a Covid-19 cluster on Tuesday. It's the first closure of a gaming venue in the city i...
Macau placed SJM Holdings Ltd.'s Grand Lisboa under lockdown after finding a Covid-19 cluster on Tuesday. It's the first closure of a gaming venue in the city in more than two years. Shirley Zhao reports on Bloomberg Television.
https://wn.com/Macau_Places_Sjm's_Grand_Lisboa_Casino_Under_Lockdown
Macau placed SJM Holdings Ltd.'s Grand Lisboa under lockdown after finding a Covid-19 cluster on Tuesday. It's the first closure of a gaming venue in the city in more than two years. Shirley Zhao reports on Bloomberg Television.
- published: 06 Jul 2022
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