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“Based on numerous conversations we’ve had with industry insiders, over the past few days and weeks, we believe there is nothing on the horizon to suggest a VIP recovery is imminent,” the report said.
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“The demographic changes we are seeing in India and China are extraordinary,” noted Packer. “The size of the middle class in India currently stands at around 170 million and is estimated to be growing by 40 to 50 million per annum over the near term.”
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