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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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