Macau's recovery in the gaming industry, which was reflected by Wynn Macau's recent 13% growth in stock prices, has revived hopes for the approval of casino developments in Taiwan.

Its southern offshore island, Penghu, has voted against the referendum for casino developments in September 2009.

However, investors have recently shifted their focus to the islands of Kinmen, which are located off the southeastern coast of China.

According to reports, the Kinmen authorities are planning to hold a similar referendum by early 2010.

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