A move by the world's biggest gaming hub, Macau, to rein in breakneck casino growth should help established operators by shutting out aspiring rivals, but raises the spectre of Chinese government pressure for more restrictions.

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Hong Kong, Macau and the southern Chinese province of Guangdong have reached agreement on the partial funding of a bridge linking the three, a project that will cost a total 42.2 billion yuan (2.9 billion pounds), media reported.

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The 124-year-old Hong Kong Jockey Club, whose racetrack revenues are among the secrets of the territory's economic success, is facing a modern threat: glitzy casinos being built by Las Vegas operators in nearby Macao.

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GUANGZHOU -- China is promoting financing on the construction of a bridge linking Hong Kong and Macao, China's two special administrative regions, and Zhuhai, a special economic zone in southern Guangdong Province.

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MACAU ¨C Socialites and showbiz stars joined business tycoons Tuesday for the opening of the MGM Grand Macau, the latest Las Vegas-backed casino to crowd into the tiny Chinese gambling enclave, hoping to lure China's growing middle class.

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BEIJING ¨C China earned an upgrade to its credit rating on Thursday from Moody's Investors Service to reflect exceptional strength in its external payments, favourable government debt trends and continued progress in economic reform.

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