|Macau Gambling has always been the exclusive domain of Dr. Stanley Ho www.drho.com. That was of course until the government’s recent decision to issue additional gaming licenses –forcing even Ho himself apply for the prestigious certificate. |
Undisputedly a license to print money, the Asian gaming capital’s decision to issue new licenses came from their acknowledgement that gaming is becoming ever more popular and increased competition in the country will help boost the economy.
The licenses were granted to three of 21 bidders including one to Macau Tourism and Amusement Co, a Stanley Ho subsidiary. That license alone will virtually guarantee the safety of 10,000 jobs in Macau and will be the nexus between Ho and a development of a new Macau fishing and cultural village.
The two other successful bidders were Wynn Resorts (Macau) Ltd., a joint venture between Las Vegas casino mogul Steve Wynn and Macau businessman Wong Chi-Seng and Galaxy Casino Co. Ltd.