Investment from the United States in Macao's gaming industry has reached 300 million US dollars, it was reported Friday.

James B. Cunningham, the US consul general in Hong Kong, said Thursday the inauguration of the Macao Committee of the American Chamber of Commerce in Hong Kong would serve the interests of its 50 members and of Macao.

The US diplomat said as Macao has opened the gaming industry to foreign competition, more US investment will hopefully be seen flooding in.

Two of Macao's 17 casinos are funded by operators from the US.

(Xinhua News Agency September 16, 2005)