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Casino Tycoon Helps Macao’s Gaming Industry

"May the gaming industry bolster Macao’s continuous economic growth!" said Macao’s casino tycoon Stanley Ho in an exclusive interview with Xinhua.

The managing director of the Macao Gaming Co. Ltd. (SJM) said in a recent interview that the moderate open-up of Macao’s gaming industry helped create a healthy competition mechanism and long-term stability.

The 83-year-old tycoon had virtually dominated Macao’s gaming industry for 43 years until May this year, when the first foreign casino was erected in Macao.

Rising to the challenges from rivals, Stanley Ho said he loves challenges.

He is confident that as a local business, his SJM holds its advantages in the marketing and investment on the local market.

Ho lost his privilege in the gaming market after the Macao Special Administrative Region (SAR) government decided to liberalize the market in 2002.

But Ho said that he would rather see the challenge as an opportunity to upgrade his company.

Read the entire article at: People’s Daily Online 

2004 Online Casino News Archive


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