Rivals Raising The Stakes in Macau

Written on January 4, 2007 by admin

This a detailed report about the latest casino happenings in Macau

Courtesy -The Standard | The Hotel Lisboa used to be the only game in Macau. The birdcage-shaped casino has welcomed Chinese playing baccarat, blackjack and Asian dice game sic bo- amid smoke-stained walls and frayed carpets for 35 years.

Now, the Lisboa and other casinos in Stanley Ho Hung-sun’s gaming company, Sociedade de Jogos de Macau (SJM), are facing a horde of competitors. Ho, who had a government monopoly on Macau gaming for four decades until 2004, has seen his share of gambling revenue dive to 55 percent from 100 percent - and it is still shrinking.