Last week’s announced slowing of casino development and fixing of commission rates for junket operators was welcomed by the director of Sociedade de Jogos de Macau (SJM), Dr Stanley Ho Hung-sun yesterday as necessary to stop the “cut throat” competition between operators.
“I think it is excellent news for Macau in general. It is high time to take care of the gaming sections problems,” he said. “It is no good with all the six operators always fighting together using cut throat measures of getting customers into their casino, this is not correct because there is enough room for all six of us.”
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Posted in Cotai Strip, Macau Casino, Oceanus Casino, Stanley Ho 
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As we mentioned earlier back in November 2007, Oceanus Casino Project Getting Ready to Kick Off >>, we just received a snippet of news that the interim New Yaohan department store will be opening in May 2008 on the Lot One site in Nam Van Lake opposite to the old Judicial Court. The mall has a foot print of 1,900 square meters and will be a ten-storey mall.
So it looks like that the massive Oceanus Casino project can start the demolition works of the old New Yaohan store around June, and also prepare for the imminent close down and demolition of the Darling Massage Parlour and the Jai Alai Casino buildings.
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During our recent visit to Macau, we received information that Dr Stanley Ho’s SJM are preparing to start the construction of the massive Oceanus Casino project.
Oceanus Casino
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April 28, 2008
